Air Transport Services Gr Q2 2024 Adj. EPS $0.19 Beats $0.16 Estimate, Sales $488.000M Miss $513.669M Estimate
Portfolio Pulse from Benzinga Newsdesk
Air Transport Services Group (NASDAQ:ATSG) reported Q2 2024 adjusted EPS of $0.19, beating the estimate of $0.16. However, sales were $488 million, missing the $513.669 million estimate and showing a 7.81% decrease from the same period last year.
August 08, 2024 | 9:29 pm
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Air Transport Services Group (NASDAQ:ATSG) reported Q2 2024 adjusted EPS of $0.19, beating the estimate of $0.16. However, sales were $488 million, missing the $513.669 million estimate and showing a 7.81% decrease from the same period last year.
While ATSG's EPS beat expectations, the miss on sales and the year-over-year decline in revenue could create mixed reactions in the market. Investors may be concerned about the revenue decline, but the EPS beat could provide some support.
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