Loar Holdings Q2 2024 GAAP EPS $0.09 Beats $0.06 Estimate, Sales $97.015M Beat $91.700M Estimate
Portfolio Pulse from Benzinga Newsdesk
Loar Holdings (NYSE: LOAR) reported Q2 2024 GAAP EPS of $0.09, beating the $0.06 estimate by 50%. Sales were $97.015M, surpassing the $91.700M estimate by 5.80% and marking a 31.12% increase from the same period last year.
August 13, 2024 | 12:11 pm
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Loar Holdings reported Q2 2024 GAAP EPS of $0.09, beating the $0.06 estimate by 50%. Sales were $97.015M, surpassing the $91.700M estimate by 5.80% and marking a 31.12% increase from the same period last year.
Loar Holdings' strong earnings and sales performance, significantly beating analyst estimates, is likely to positively impact the stock price in the short term. The 31.12% year-over-year sales increase further underscores the company's growth momentum.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100