Marex Group Q2 2024 Adj. EPS $0.90 Beats $0.71 Estimate, Sales $422.100M Beat $365.800M Estimate
Portfolio Pulse from Benzinga Newsdesk
Marex Group (NASDAQ:MRX) reported Q2 2024 earnings of $0.90 per share, beating the analyst estimate of $0.71 by 26.76%. Sales were $422.1 million, surpassing the $365.8 million estimate by 15.39%. Both earnings and sales showed significant year-over-year growth.
August 14, 2024 | 11:10 am
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Marex Group (NASDAQ:MRX) reported strong Q2 2024 earnings and sales, significantly beating analyst estimates. The company's EPS of $0.90 exceeded the $0.71 estimate by 26.76%, and sales of $422.1 million surpassed the $365.8 million estimate by 15.39%. Both metrics showed substantial year-over-year growth.
The significant beat on both earnings and sales estimates, along with strong year-over-year growth, is likely to positively impact Marex Group's stock price in the short term. Investors typically react favorably to such strong financial performance.
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