FGI Industries Q2 2024 GAAP EPS $0.02, Sales $29.400M Miss $30.638M Estimate
Portfolio Pulse from Benzinga Newsdesk
FGI Industries (NASDAQ:FGI) reported Q2 2024 earnings of $0.02 per share and sales of $29.4 million, missing the analyst consensus estimate of $30.638 million by 4.04%. Sales increased by 0.72% compared to the same period last year.
August 07, 2024 | 8:52 pm
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NEGATIVE IMPACT
FGI Industries reported Q2 2024 earnings of $0.02 per share and sales of $29.4 million, missing the analyst consensus estimate of $30.638 million by 4.04%. Sales increased by 0.72% compared to the same period last year.
The earnings report shows that FGI Industries missed sales estimates by 4.04%, which is likely to negatively impact the stock price in the short term. However, the slight year-over-year sales increase may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100