CION Invt Q2 2024 GAAP EPS $0.43 Beats $0.39 Estimate, Sales $61.357M Beat $57.587M Estimate
Portfolio Pulse from Benzinga Newsdesk
CION Investment Corporation (NYSE:CION) reported Q2 2024 earnings per share (EPS) of $0.43, surpassing the analyst consensus estimate of $0.39 by 10.26%. The company also reported quarterly sales of $61.357 million, exceeding the estimate of $57.587 million by 6.55%. This represents a 4.89% increase over the same period last year.
August 08, 2024 | 12:04 pm
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CION Investment Corporation reported Q2 2024 EPS of $0.43, beating estimates by 10.26%, and sales of $61.357 million, exceeding estimates by 6.55%.
CION's better-than-expected earnings and sales figures are likely to positively impact its stock price in the short term. Beating both EPS and sales estimates by significant margins indicates strong financial performance.
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