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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100