Virco Mfg Q2 EPS $1.04 Beats $1.00 Estimate, Sales $108.42M Miss $115.91M Estimate
Portfolio Pulse from Benzinga Newsdesk
Virco Mfg (NASDAQ:VIRC) reported Q2 earnings per share of $1.04, beating estimates by 4%, but sales of $108.42M missed expectations by 6.46%.
September 09, 2024 | 12:47 pm
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Virco Mfg's Q2 earnings per share exceeded expectations, but sales fell short. The EPS of $1.04 beat the $1.00 estimate, while sales of $108.42M missed the $115.91M estimate.
The earnings per share beat indicates positive profitability, but the sales miss suggests potential challenges in revenue growth. This mixed result could lead to short-term stock volatility as investors weigh the positive EPS against the negative sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100