Core Molding Technologies Q2 EPS $0.91 Beats $0.42 Estimate, Sales $97.72M 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 $97.72 million, beating the analyst consensus estimate of $97.25 million by 0.49%. However, this is a 1.02% decrease from the same period last year.
August 08, 2023 | 12:02 pm
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Core Molding Technologies reported strong Q2 earnings, significantly beating estimates. However, sales decreased slightly compared to the same period last year.
The company's strong earnings report, which significantly exceeded estimates, is likely to have a positive impact on the stock price. However, the slight decrease in sales compared to the same period last year could temper this positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100