REX American Resources Q2 2024 GAAP EPS $0.70 Beats $0.54 Estimate, Sales $148.16M Beat $146.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
REX American Resources reported Q2 2024 earnings per share of $0.70, surpassing the analyst estimate of $0.54, and sales of $148.16 million, exceeding the $146.00 million estimate. Despite the earnings beat, sales decreased by 30.11% compared to the same period last year.
August 27, 2024 | 11:33 am
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REX American Resources reported better-than-expected Q2 2024 earnings, with EPS of $0.70 beating estimates by 29.63%. Sales also exceeded expectations but were down 30.11% year-over-year.
The significant earnings beat is likely to positively impact REX's stock price in the short term, as it exceeded analyst expectations by a large margin. However, the year-over-year sales decline may temper some of the positive sentiment.
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IMPORTANCE 80
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