RCM Technologies Q2 2024 Adj. EPS $0.56 Beats $0.50 Estimate, Sales $69.164M Miss $70.114M Estimate
Portfolio Pulse from Benzinga Newsdesk
RCM Technologies (NASDAQ:RCMT) reported Q2 2024 adjusted EPS of $0.56, beating the analyst estimate of $0.50 by 12%. However, sales of $69.164 million missed the $70.114 million estimate by 1.35%, though they increased by 3.18% year-over-year.
August 07, 2024 | 9:35 pm
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RCM Technologies reported Q2 2024 adjusted EPS of $0.56, beating estimates by 12%, but sales of $69.164 million missed estimates by 1.35%. Sales increased by 3.18% year-over-year.
The positive EPS surprise is likely to have a more significant short-term impact on the stock price than the slight miss in sales. The year-over-year sales growth also adds a positive sentiment.
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RELEVANCE 100