MRC Global Q2 EPS $0.25 Misses $0.36 Estimate, Sales $871.00M Miss $910.15M Estimate
Portfolio Pulse from Benzinga Newsdesk
MRC Global reported Q2 earnings of $0.25 per share, missing the analyst consensus estimate of $0.36 by 30.56%. This is a 7.41% decrease from the same period last year. The company also reported quarterly sales of $871.00 million, missing the analyst consensus estimate of $910.15 million by 4.30%. This is a 2.71% increase from the same period last year.
August 07, 2023 | 8:23 pm
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NEGATIVE IMPACT
MRC Global's Q2 earnings and sales missed analyst estimates, which could negatively impact the stock price in the short term.
MRC Global's earnings and sales for Q2 have both missed analyst estimates. This underperformance could lead to a decrease in investor confidence, potentially causing a short-term drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100