Modine Manufacturing profitability declines despite data center orders exceeding $1 billion
MOD Modine Manufacturing Co
$106.10 -0.53%
View chart & analysis → - 1Modine Manufacturing's adjusted EPS of $1.35 for fiscal Q2 missed the consensus of $1.55 by 11.8%.
- 2Modine Manufacturing's fiscal Q2 revenue of $994.4 million exceeded expectations.
- 3Data center orders surpassed $1 billion, breaking records for the fourth consecutive quarter.
So what's the key point?
Modine Manufacturing saw data center orders top $1 billion, but profits were lower than what experts predicted. This means that while sales were higher than expected, the actual money earned fell short of expectations.
Source Earnings Whispers +2 · View original ↗
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