Murata Manufacturing Q2 EPS $0.11 Misses $0.14 Estimate, Sales $3.10B Beat $2.94B Estimate
Portfolio Pulse from totan@benzinga.com
Murata Manufacturing reported Q2 earnings per share of $0.11, missing the $0.14 estimate, but sales of $3.10 billion exceeded the $2.94 billion estimate.
November 01, 2024 | 9:52 am
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Murata Manufacturing's Q2 earnings per share of $0.11 missed the $0.14 estimate, a 21.43% decrease from last year. However, sales of $3.10 billion beat the $2.94 billion estimate, showing a 1.27% increase from last year.
The mixed results, with earnings missing but sales beating estimates, suggest a neutral short-term impact on the stock price. The earnings miss may concern investors, but the sales beat indicates strong revenue performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100