Mercer Intl Q2 EPS $(1.48) Misses $(1.04) Estimate, Sales $529.86M Down From $572.33M YoY
Portfolio Pulse from totan@benzinga.com
Mercer Intl (NASDAQ:MERC) reported Q2 losses of $(1.48) per share, missing the analyst consensus estimate of $(1.04) by 42.31 percent. This is a 238.32 percent decrease over earnings of $1.07 per share from the same period last year. The company also reported a 7.42 percent decrease in sales to $529.86 million from $572.33 million the same period last year.
August 04, 2023 | 2:31 pm
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NEGATIVE IMPACT
Mercer Intl's Q2 earnings missed estimates and showed a significant decrease from the same period last year. Sales also decreased.
Mercer Intl's Q2 earnings missed estimates by a significant margin and showed a large decrease from the same period last year. This is likely to negatively impact investor sentiment and could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100