M-Tron Industries Q2 EPS $0.63 Beats $0.50 Estimate, Sales $11.81M Beat $11.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
M-Tron Industries (AMEX:MPTI) reported Q2 earnings per share of $0.63, beating the analyst estimate of $0.50 by 26%. Sales were $11.81M, surpassing the $11.20M estimate and marking a 16.45% increase from last year.
August 14, 2024 | 1:17 pm
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M-Tron Industries reported strong Q2 earnings and sales, significantly beating analyst estimates. EPS of $0.63 exceeded the $0.50 estimate by 26%, and sales of $11.81M surpassed the $11.20M estimate, showing a 16.45% YoY increase.
The significant beat on both EPS and sales estimates, along with strong YoY growth, is likely to positively impact MPTI's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100