Trinseo Q2 EPS $(1.92) Misses $(0.39) Estimate, Sales $963.00M Miss $1.09B Estimate
Portfolio Pulse from Benzinga Newsdesk
Trinseo (NYSE:TSE) reported Q2 losses of $(1.92) per share, missing the analyst consensus estimate of $(0.39) by 392.31%. This is a 207.26% decrease over earnings of $1.79 per share from the same period last year. The company also reported quarterly sales of $963.00 million, missing the analyst consensus estimate of $1.09 billion by 11.65%. This is a 32.47% decrease over sales of $1.43 billion the same period last year.
August 04, 2023 | 2:31 pm
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NEGATIVE IMPACT
Trinseo's Q2 earnings and sales significantly missed estimates, indicating a potential negative impact on the company's stock price in the short term.
Trinseo's Q2 earnings and sales have significantly missed estimates, which is likely to negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term. The company's earnings have decreased by over 200% compared to the same period last year, and sales have decreased by over 30%, both of which are significant indicators of poor financial performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100