Chart Industries Q2 EPS $1.19 Beats $0.93 Estimate, Sales $908.10M Miss $971.81M Estimate
Portfolio Pulse from Benzinga Newsdesk
Chart Industries (NYSE:GTLS) reported Q2 earnings of $1.19 per share, beating the analyst consensus estimate of $0.93 by 27.96%. This is a 35.23% increase from the same period last year. However, the company's quarterly sales of $908.10 million missed the analyst consensus estimate of $971.81 million by 6.56%, despite a 124.33% increase from the same period last year.
July 28, 2023 | 10:36 am
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Chart Industries reported better than expected Q2 earnings but missed on sales. This mixed result could lead to uncertainty in the market.
While the company beat earnings estimates, which is generally a positive signal, it missed on sales estimates, which is a negative signal. This mixed result could lead to uncertainty among investors, potentially impacting the stock price in the short term.
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