Genco Shipping & Trading Q2 2024 Adj. EPS $0.46 Beats $0.45 Estimate, Sales $107.047M Beat $93.593M Estimate
Portfolio Pulse from Benzinga Newsdesk
Genco Shipping & Trading (NYSE:GNK) reported Q2 2024 adjusted EPS of $0.46, beating the estimate of $0.45. Sales were $107.047M, surpassing the $93.593M estimate and showing an 18.21% increase from the same period last year.
August 07, 2024 | 8:58 pm
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Genco Shipping & Trading reported better-than-expected Q2 2024 earnings and sales, with EPS of $0.46 beating the $0.45 estimate and sales of $107.047M surpassing the $93.593M estimate. Sales increased by 18.21% YoY.
The better-than-expected earnings and significant sales growth are likely to positively impact GNK's stock price in the short term. Beating both EPS and sales estimates indicates strong performance and investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100