ChampionX Q2 Adj EPS $0.49 Beats $0.44 Estimate, Sales $926.60M Miss $980.39M Estimate
Portfolio Pulse from Benzinga Newsdesk
ChampionX (NASDAQ:CHX) reported Q2 adjusted earnings of $0.49 per share, beating the analyst consensus estimate of $0.44 by 11.36%. This is a 75% increase from the same period last year. However, the company's quarterly sales of $926.60 million missed the analyst consensus estimate of $980.39 million by 5.49%, marking a 0.64% decrease from the same period last year.
July 24, 2023 | 8:31 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
ChampionX's Q2 earnings beat estimates but sales missed, which could lead to mixed market reactions.
ChampionX's earnings beat the estimates, which is a positive signal for investors and could drive the stock price up. However, the company's sales missed the estimates, which could negatively impact the stock price. The net effect could be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100