FreightCar America Q2 2024 Adj. EPS $0.05, Inline, Sales $147.416M Beat $127.100M Estimate
Portfolio Pulse from Benzinga Newsdesk
FreightCar America (NASDAQ:RAIL) reported Q2 2024 earnings per share of $0.05, meeting analyst expectations. The company achieved sales of $147.416 million, surpassing the $127.100 million estimate by 15.98% and marking a 66.39% increase from the same period last year.
August 12, 2024 | 8:16 pm
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FreightCar America reported Q2 2024 earnings per share of $0.05, meeting analyst expectations. The company achieved sales of $147.416 million, surpassing the $127.100 million estimate by 15.98% and marking a 66.39% increase from the same period last year.
The company's earnings per share met expectations, which is neutral news. However, the significant beat in sales and the substantial year-over-year increase in revenue are positive indicators that could drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100