Transcat Q2 Adj $0.52 Beats $0.46 Estimate, Sales $67.83M Miss $70.29M Estimate
Portfolio Pulse from Benzinga Newsdesk
Transcat (NASDAQ:TRNS) reported Q2 earnings of $0.52 per share, beating estimates of $0.46, but sales of $67.83M missed the $70.29M estimate. Earnings decreased by 13.33% from last year, while sales increased by 8.00%.
October 28, 2024 | 8:34 pm
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NEUTRAL IMPACT
Transcat's Q2 earnings per share beat expectations, but sales fell short. Despite a year-over-year increase in sales, earnings per share decreased compared to the previous year.
Transcat's earnings per share exceeded expectations, which is positive, but the miss on sales and the year-over-year decrease in earnings per share could neutralize the positive impact. The mixed results may lead to a neutral short-term stock price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100