ICL Group Q2 EPS $0.13 Beats $0.12 Estimate, Sales $1.83B Miss $2.02B Estimate
Portfolio Pulse from Benzinga Newsdesk
ICL Group reported Q2 earnings of $0.13 per share, beating the analyst consensus estimate of $0.12 by 8.33%. However, this is a 77.59% decrease from the same period last year. The company's quarterly sales of $1.83 billion missed the analyst consensus estimate of $2.02 billion by 9.41%, marking a 36.46% decrease from the same period last year.
August 09, 2023 | 6:49 am
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ICL Group's Q2 earnings beat estimates but are significantly down YoY. Sales also missed estimates and are down YoY.
ICL Group's earnings beat estimates, which is positive. However, the significant YoY decrease in earnings and sales, as well as the missed sales estimate, are negative indicators that could impact the stock negatively in the short term.
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