Light & Wonder Q2 2024 Adj EPS $0.90 Misses $1.03 Estimate, Sales $818.00M Beat $797.56M Estimate
Portfolio Pulse from Benzinga Newsdesk
Light & Wonder (NASDAQ:LNW) reported Q2 2024 earnings per share (EPS) of $0.90, missing the analyst estimate of $1.03 by 12.62%. However, the company reported sales of $818.00 million, beating the estimate of $797.56 million by 2.56%. This represents an 11.90% increase over the same period last year.
August 07, 2024 | 8:10 pm
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Light & Wonder reported Q2 2024 EPS of $0.90, missing estimates by 12.62%, but sales of $818M beat estimates by 2.56%, showing an 11.90% YoY increase.
The mixed results, with EPS missing but sales beating estimates, suggest a neutral short-term impact on LNW's stock price. The sales beat and YoY growth are positive, but the EPS miss could offset these gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100