Nidec Q2 2024 GAAP EPS $0.11 Misses $0.13 Estimate, Sales $4.337B Beat $4.171B Estimate
Portfolio Pulse from Benzinga Newsdesk
Nidec reported Q2 2024 earnings with a GAAP EPS of $0.11, missing the $0.13 estimate, but sales of $4.337 billion exceeded the $4.171 billion estimate. Sales increased by 5.39% compared to the same period last year.
October 23, 2024 | 7:05 am
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Nidec's Q2 2024 earnings per share missed expectations, but sales exceeded forecasts, showing a year-over-year increase in revenue.
Nidec's earnings per share fell short of expectations, which could negatively impact investor sentiment. However, the company's sales exceeded estimates and showed a year-over-year increase, which is a positive sign. The mixed results may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100