Pangaea Logistics Solns Q2 2024 Adj. EPS $0.10 Misses $0.15 Estimate, Sales $131.498M Beat $112.358M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pangaea Logistics Solutions (NASDAQ:PANL) reported Q2 2024 earnings per share of $0.10, missing the analyst estimate of $0.15 by 33.33%. However, the company reported sales of $131.498 million, beating the estimate of $112.358 million by 17.03% and showing an 11.37% increase from the same period last year.
August 08, 2024 | 9:06 pm
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Pangaea Logistics Solutions reported Q2 2024 EPS of $0.10, missing the $0.15 estimate by 33.33%. Sales were $131.498M, beating the $112.358M estimate by 17.03% and increasing 11.37% YoY.
The mixed results, with EPS missing estimates but sales beating expectations and showing YoY growth, create a neutral short-term impact. Investors may weigh the earnings miss against the strong sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100