Axalta Coating Sys Q2 Adj $0.35 Misses $0.39 Estimate, Sales $1.29B Miss $1.34B Estimate
Portfolio Pulse from Benzinga Newsdesk
Axalta Coating Systems (NYSE:AXTA) reported Q2 earnings of $0.35 per share, missing the analyst consensus estimate of $0.39 by 10.26%. This is a 14.63% decrease from the same period last year. The company also reported quarterly sales of $1.29 billion, missing the analyst consensus estimate of $1.34 billion by 3.43%. This is a 4.78% increase from the same period last year.
August 04, 2023 | 10:25 am
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Axalta Coating Systems' Q2 earnings and sales missed estimates, which could negatively impact the stock in the short term.
Axalta Coating Systems reported lower than expected earnings and sales for Q2. This underperformance is likely to negatively impact investor sentiment and could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100