Array Technologies Q2 2024 Adj. EPS $0.20 Beats $0.11 Estimate, Sales $255.766M Beat $231.615M Estimate
Portfolio Pulse from Benzinga Newsdesk
Array Technologies (NASDAQ:ARRY) reported Q2 2024 adjusted EPS of $0.20, beating the $0.11 estimate. Sales were $255.766M, surpassing the $231.615M estimate. However, both EPS and sales decreased significantly compared to the same period last year.
August 08, 2024 | 8:12 pm
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Array Technologies reported Q2 2024 adjusted EPS of $0.20, beating the $0.11 estimate by 81.82%. Sales were $255.766M, surpassing the $231.615M estimate by 10.43%. However, both EPS and sales decreased significantly compared to the same period last year.
The significant beat on both EPS and sales estimates is likely to have a positive short-term impact on ARRY's stock price. However, the year-over-year decline in both metrics may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100