VOXX International Q2 EPS $0.10 Beats $0.00 Estimate, Sales $92.49M Miss $117.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
VOXX International reported Q2 earnings per share of $0.10, beating the estimate of $0.00, but sales of $92.49 million missed the $117.90 million estimate. This marks a significant EPS improvement from last year's loss, but a decline in sales compared to the previous year.
October 10, 2024 | 8:08 pm
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VOXX International's Q2 earnings per share of $0.10 exceeded expectations, showing a strong recovery from last year's loss. However, sales of $92.49 million fell short of the $117.90 million estimate, indicating potential challenges in revenue generation.
The positive EPS surprise suggests improved profitability, which is favorable for the stock. However, the significant sales miss and year-over-year decline may raise concerns about revenue growth, balancing the overall impact on the stock price.
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