Core Molding Technologies Q2 EPS $0.91 Beats $0.42 Estimate, Sales $97.70M Beat $97.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
Core Molding Technologies (AMEX:CMT) reported Q2 earnings of $0.91 per share, beating the analyst consensus estimate of $0.42 by 116.67%. This is a 250% increase from the same period last year. The company also reported quarterly sales of $97.70 million, beating the analyst consensus estimate of $97.25 million by 0.46%. However, this is a 1.05% decrease from the same period last year.
August 08, 2023 | 12:01 pm
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Core Molding Technologies reported strong Q2 earnings, significantly beating estimates. However, sales, while beating estimates, were down slightly YoY.
The strong earnings beat is likely to have a positive impact on the stock price in the short term. However, the slight decrease in sales YoY might temper this positive impact somewhat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100