Fortrea Holdings Q2 2024 Adj. EPS $(0.03) Misses $0.08 Estimate, Sales $662.400M Miss $689.077M Estimate
Portfolio Pulse from Benzinga Newsdesk
Fortrea Holdings (NASDAQ:FTRE) reported Q2 2024 adjusted EPS of $(0.03), missing the $0.08 estimate by 137.5%. Sales were $662.4M, missing the $689.077M estimate by 3.87% and down 8.65% from $725.1M last year.
August 12, 2024 | 11:02 am
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Fortrea Holdings reported Q2 2024 adjusted EPS of $(0.03), missing the $0.08 estimate by 137.5%. Sales were $662.4M, missing the $689.077M estimate by 3.87% and down 8.65% from $725.1M last year.
The significant miss on both EPS and sales estimates, along with a year-over-year decline in sales, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100