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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100