LSB Industries Q2 Adj EPS $0.25 Beats $0.23 Estimate, Sales $165.84M Beat $159.13M Estimate
Portfolio Pulse from totan@benzinga.com
LSB Industries (NYSE:LXU) reported Q2 earnings of $0.25 per share, beating the analyst consensus estimate of $0.23 by 8.7%. However, this is a 79.51% decrease from the same period last year. The company also reported quarterly sales of $165.84 million, beating the estimate of $159.13 million by 4.22%, but this is a 41.77% decrease from the same period last year.
July 26, 2023 | 8:19 pm
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LSB Industries reported better than expected Q2 earnings and sales, but both figures are significantly lower than the same period last year.
While LSB Industries beat Q2 estimates, the significant year-on-year decreases in earnings and sales could potentially offset any positive impact from beating estimates. Investors may react positively to the beat, but the overall trend could be a cause for concern.
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RELEVANCE 100