Frontline Q2 2024 Adj. EPS $0.62 Misses $0.67 Estimate, Sales $607.513M Beat $382.322M Estimate
Portfolio Pulse from Benzinga Newsdesk
Frontline reported Q2 2024 earnings per share of $0.62, missing the $0.67 estimate, but sales of $607.513M beat the $382.322M estimate. EPS decreased by 34.04% from last year, while sales increased by 16.35%.
August 30, 2024 | 6:46 am
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NEUTRAL IMPACT
Frontline's Q2 2024 earnings per share of $0.62 missed analyst estimates, but sales significantly exceeded expectations. EPS decreased by 34.04% year-over-year, while sales increased by 16.35%.
The mixed results, with EPS missing but sales beating estimates, suggest a neutral short-term impact. The significant sales beat may offset the negative sentiment from the EPS miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100