Adecoagro Q2 EPS $1.03 Up From $0.40 YoY, Sales $397.55M Beat $379.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Adecoagro (NYSE:AGRO) reported Q2 earnings of $1.03 per share, a 157.5% increase from $0.40 per share YoY. Quarterly sales were $397.55 million, beating the $379.00 million estimate but down 2.34% from $407.08 million YoY.
August 12, 2024 | 8:43 pm
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Adecoagro reported a significant increase in Q2 EPS to $1.03, up 157.5% YoY, and sales of $397.55 million, beating estimates but down 2.34% YoY.
The significant increase in EPS and the beat on sales estimates are positive indicators for Adecoagro's stock in the short term, despite the slight YoY decline in sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100