Karooooo Beats Expectations: Q2 Earnings Breakdown

Karooooo just dropped a surprise earnings report, exceeding analyst expectations! The Singapore-based company reported $13.8 million in net income (45 cents per share), but after adjustments, earnings hit 47 cents per share, beating the predicted 46 cents. Revenue also topped forecasts at $76.1 million versus the expected $75.5 million. Is this a sign of Karooooo's strength in a tough economy, and will the market reward them?The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.