NewMarket Q2 EPS $10.36 Up From $6.54 YoY, Sales $685.13M Down From $723.64M YoY
Portfolio Pulse from saritha@benzinga.com
NewMarket (NYSE:NEU) reported Q2 earnings of $10.36 per share, a 58.41% increase YoY. However, sales decreased by 5.32% to $685.13M compared to $723.64M in the same period last year.
July 26, 2023 | 9:03 pm
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NewMarket's Q2 earnings per share increased by 58.41% YoY, but sales decreased by 5.32%. This mixed result could lead to uncertain market reactions.
NewMarket's increased earnings per share indicates improved profitability, which is positive for the stock. However, the decrease in sales could be a concern for investors as it might indicate a slowdown in business. The mixed results could lead to uncertain market reactions in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100