Olin Q2 EPS $1.13 Beats $1.01 Estimate, Sales $1.70B Miss $1.86B Estimate
Portfolio Pulse from Benzinga Newsdesk
Olin Corporation reported Q2 earnings of $1.13 per share, beating the analyst consensus estimate of $1.01 by 11.88%. However, this is a 59.06% decrease from the same period last year. The company's quarterly sales were $1.70 billion, missing the analyst consensus estimate of $1.86 billion by 8.49%, and marking a 34.94% decrease from the same period last year.
July 27, 2023 | 8:07 pm
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NEUTRAL IMPACT
Olin's Q2 earnings beat estimates but sales missed and showed a significant decrease from last year. This mixed result could lead to uncertainty in the market.
Olin's earnings beat estimates, which is a positive signal. However, the significant decrease in sales compared to last year and the miss on sales estimates could negatively impact investor sentiment. The mixed results create uncertainty, which could lead to volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100