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Global Industrial's Q2 earnings miss forecasts, yet its stock price surprisingly rose to $24.24.
Global Industrial (GIC), an industrial distributor, reported a lower-than-expected Q2 earnings per share of $0.27, missing forecasts by $0.03.
Despite this, GIC's stock price rose by $0.47 to $24.24 during trading, with a market cap of $926.66 million.
For 2024, the company saw a 3.3% rise in sales to $1.32 billion, though the fourth quarter was challenging with a 6% sales drop and a 32% fall in operating income.
The company is focusing on enhancing customer satisfaction and supply chain quality.
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Las ganancias del Q2 de Global Industrial fallan en las previsiones, pero su precio de las acciones sorprendentemente subió a $24,24.