Materion Q2 EPS $1.27 Misses $1.36 Estimate, Sales $398.60M Miss $440.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Materion (NYSE:MTRN) reported Q2 earnings of $1.27 per share, missing the analyst consensus estimate of $1.36 by 6.62%. The company's quarterly sales were $398.60 million, missing the analyst consensus estimate of $440.20 million by 9.45%. This represents a 9.48% increase in earnings but a 10.49% decrease in sales compared to the same period last year.
August 04, 2023 | 10:53 am
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Materion's Q2 earnings and sales missed analyst estimates, which could negatively impact the stock price in the short term.
Materion's earnings and sales for Q2 missed analyst estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100