Allient Q2 2024 Adj. EPS $0.29 Misses $0.42 Estimate, Sales $136.032M Miss $139.643M Estimate
Portfolio Pulse from Benzinga Newsdesk
Allient (NASDAQ:ALNT) reported Q2 2024 earnings of $0.29 per share, missing the analyst estimate of $0.42 by 30.95%. Sales were $136.032M, below the $139.643M estimate and down 7.32% from last year. Earnings also decreased by 50% compared to the same period last year.
August 07, 2024 | 9:05 pm
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NEGATIVE IMPACT
Allient reported Q2 2024 earnings of $0.29 per share, missing the analyst estimate of $0.42 by 30.95%. Sales were $136.032M, below the $139.643M estimate and down 7.32% from last year. Earnings also decreased by 50% compared to the same period last year.
The significant miss on both earnings per share and sales, combined with a notable year-over-year decline in both metrics, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100