Star Equity Hldgs Q2 2024 Adj EPS $(0.29) Beats $(0.47) Estimate, Sales $13.48M Miss $14.15M Estimate
Portfolio Pulse from Benzinga Newsdesk
Star Equity Holdings (NASDAQ: STRR) reported Q2 2024 adjusted EPS of $(0.29), beating the $(0.47) estimate, but missed sales estimates with $13.48M against $14.15M. Sales increased by 51.61% year-over-year.
August 13, 2024 | 12:32 pm
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Star Equity Holdings reported better-than-expected Q2 2024 EPS of $(0.29), beating the $(0.47) estimate, but missed sales estimates with $13.48M against $14.15M. Sales increased by 51.61% year-over-year.
The better-than-expected EPS is a positive indicator for investors, suggesting improved cost management or operational efficiency. However, the sales miss could temper enthusiasm. The significant year-over-year sales growth is a strong positive signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100