Solventum Q2 2024 Adj. EPS $1.56 Beats $1.50 Estimate, Sales $2.081B Beat $2.049B Estimate
Portfolio Pulse from Benzinga Newsdesk
Solventum (NYSE:SOLV) reported Q2 2024 adjusted EPS of $1.56, beating the analyst estimate of $1.50 by 4%. The company also reported sales of $2.081 billion, surpassing the estimate of $2.049 billion by 1.57%.
August 08, 2024 | 8:08 pm
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Solventum reported Q2 2024 adjusted EPS of $1.56, beating the analyst estimate of $1.50 by 4%. The company also reported sales of $2.081 billion, surpassing the estimate of $2.049 billion by 1.57%.
Solventum'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 typically boosts investor confidence and can lead to a stock price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100