Tennant Q2 Adj EPS $1.83 Beats $1.71 Estimate, Sales $331.00M Beat $327.15M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tennant (NYSE:TNC) reported Q2 adjusted EPS of $1.83, beating the $1.71 estimate. Sales were $331.00M, surpassing the $327.15M estimate. EPS decreased by 1.61% YoY, while sales increased by 2.89% YoY.
August 08, 2024 | 12:46 pm
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Tennant (NYSE:TNC) reported Q2 adjusted EPS of $1.83, beating the $1.71 estimate by 7.02%. Sales were $331.00M, surpassing the $327.15M estimate by 1.18%. EPS decreased by 1.61% YoY, while sales increased by 2.89% YoY.
Tennant's Q2 earnings and sales both exceeded analyst estimates, which is generally positive for the stock. However, the slight YoY decrease in EPS may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100