Innospec Q2 Adj EPS $1.28 Misses $1.31 Estimate, Sales $480.40M Miss $498.47M Estimate
Portfolio Pulse from Benzinga Newsdesk
Innospec (NASDAQ:IOSP) reported Q2 adjusted earnings of $1.28 per share, missing the analyst consensus estimate of $1.31 by 2.29%. This is a 18.99% decrease from the same period last year. The company also reported quarterly sales of $480.40 million, missing the analyst consensus estimate of $498.47 million by 3.63%. However, this is a 2.74% increase from the same period last year.
August 08, 2023 | 8:49 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Innospec's Q2 earnings and sales missed estimates, which could negatively impact the stock price in the short term.
Innospec's Q2 earnings and sales fell short of analyst estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the stock price in the short term. However, the company did see a slight increase in sales compared to the same period last year, which could potentially offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100