Sensient Technologies Q2 EPS $0.81 Misses $0.88 Estimate, Sales $374.31M Miss $382.62M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sensient Technologies (NYSE:SXT) reported Q2 earnings of $0.81 per share, missing the analyst consensus estimate of $0.88 by 7.95%. This is a decrease of 11.96% from the same period last year. The company also reported quarterly sales of $374.31 million, missing the analyst consensus estimate of $382.62 million by 2.17%. However, this is a slight increase of 0.70% over sales from the same period last year.
July 21, 2023 | 10:58 am
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NEGATIVE IMPACT
Sensient Technologies' Q2 earnings and sales missed estimates, which could negatively impact the stock price in the short term.
Sensient Technologies reported lower than expected earnings and sales for Q2. This underperformance could lead to a decrease in the stock price as it may shake investor confidence in the company's profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100