Sensient Technologies Q2 Earnings Miss Estimates, Lowers FY23 EPS Outlook
Portfolio Pulse from Nabaparna Bhattacharya
Sensient Technologies Corporation reported Q2 revenues of $374.31 million, missing estimates of $382.62 million. The company's EPS of $0.81 also fell short of the expected $0.88. Sensient has lowered its FY23 EPS outlook, expecting it to be down by high single digits compared to $3.34 in FY22. Despite the missed estimates, SXT shares are trading higher by 1.99% to $67.99 premarket.
July 21, 2023 | 1:21 pm
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Sensient Technologies missed Q2 estimates and lowered its FY23 EPS outlook. Despite this, SXT shares are trading higher premarket.
Sensient Technologies missed Q2 revenue and EPS estimates and lowered its FY23 EPS outlook, which could negatively impact investor sentiment. However, the stock is trading higher premarket, indicating that investors may be focusing on other aspects of the company's performance or future prospects.
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