Quaker Houghton Q2 Adj EPS $1.93 Beats $1.85 Estimate, Sales $495.44M Miss $501.90M Estimate
Portfolio Pulse from bharat@benzinga.com
Quaker Houghton's Q2 earnings per share of $1.93 beat the analyst consensus estimate of $1.85 by 4.32%, a 46.21% increase YoY. However, its quarterly sales of $495.44M missed the estimate of $501.90M by 1.29%, a slight increase of 0.62% YoY.
August 04, 2023 | 10:31 am
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NEUTRAL IMPACT
Quaker Houghton's Q2 earnings beat estimates but sales missed, indicating mixed performance.
The company's earnings beat estimates, which is a positive signal. However, the missed sales estimates could indicate potential challenges in revenue growth. This mixed performance may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100