Element Solutions Q2 EPS $0.31, Inline, Sales $586.00M Miss $607.99M Estimate
Portfolio Pulse from Benzinga Newsdesk
Element Solutions (NYSE:ESI) reported Q2 earnings of $0.31 per share, in line with analyst consensus. However, the company's quarterly sales of $586.00 million missed the analyst consensus estimate of $607.99 million by 3.62 percent. This represents a 13.43 percent decrease in sales compared to the same period last year.
July 26, 2023 | 8:18 pm
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Element Solutions' Q2 earnings met expectations but sales missed estimates, indicating potential challenges in revenue generation.
Element Solutions' sales missed analyst estimates, which could indicate potential challenges in the company's ability to generate revenue. This could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100