NN Q2 2024 Adj. EPS $(0.02) Beats $(0.06) Estimate, Sales $123.000M Miss $123.221M Estimate
Portfolio Pulse from Benzinga Newsdesk
NN (NASDAQ:NNBR) reported Q2 2024 adjusted EPS of $(0.02), beating the $(0.06) estimate, but sales of $123.000M missed the $123.221M estimate. Sales decreased by 1.76% compared to the same period last year.
August 07, 2024 | 9:47 pm
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NEUTRAL IMPACT
NN (NASDAQ:NNBR) reported Q2 2024 adjusted EPS of $(0.02), beating the $(0.06) estimate, but sales of $123.000M missed the $123.221M estimate. Sales decreased by 1.76% compared to the same period last year.
The earnings per share (EPS) beat is a positive indicator, but the slight miss on sales and the year-over-year decline in sales may neutralize the positive impact. Investors may have mixed reactions, leading to a neutral short-term price impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100