Brookfield Q2 2024 Adj. EPS $1.35 Beats $0.80 Estimate, Sales $23.050B Down From $23.668B YoY
Portfolio Pulse from Benzinga Newsdesk
Brookfield (NYSE:BN) reported Q2 2024 adjusted EPS of $1.35, significantly beating the analyst estimate of $0.80. However, sales decreased by 2.61% year-over-year to $23.050 billion.
August 08, 2024 | 10:53 am
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Brookfield reported Q2 2024 adjusted EPS of $1.35, beating the analyst estimate of $0.80 by 68.75%. However, sales decreased by 2.61% year-over-year to $23.050 billion.
The significant beat on EPS is a positive indicator for Brookfield's profitability and could drive short-term stock price appreciation. However, the slight decline in sales may temper some of the enthusiasm.
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