Constellium Q2 EPS $0.23 Misses $0.48 Estimate, Sales $2.21B Beat $2.17B Estimate
Portfolio Pulse from Benzinga Newsdesk
Constellium (NYSE:CSTM) reported Q2 earnings of $0.23 per share, missing the analyst consensus estimate of $0.48 by 52.5%. However, this is a 187.69% increase over losses from the same period last year. The company's quarterly sales of $2.21 billion beat the analyst consensus estimate of $2.17 billion by 2.07%, but this is an 8.66% decrease from the same period last year.
July 26, 2023 | 10:05 am
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NEUTRAL IMPACT
Constellium's Q2 earnings missed estimates but improved YoY. Sales beat estimates but decreased YoY.
The mixed results with earnings missing estimates but sales beating them could lead to neutral short-term price movement. The YoY improvement in earnings could be seen as a positive, but the decrease in sales could offset this.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100