Century Aluminum Q2 EPS $0.16 Beats $(0.04) Estimate, Sales $575.50M Beat $514.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Century Aluminum (NASDAQ:CENX) reported Q2 earnings of $0.16 per share, beating the analyst consensus estimate of $(0.04) by 500 percent. However, this is a 46.67 percent decrease from the same period last year. The company also reported quarterly sales of $575.50 million, beating the analyst consensus estimate of $514.00 million by 11.96 percent, but this is a 32.82 percent decrease from the same period last year.
August 09, 2023 | 8:11 pm
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Century Aluminum's Q2 earnings and sales exceeded estimates, but both decreased compared to the same period last year. This mixed result could lead to uncertain market reactions.
Century Aluminum's Q2 results exceeded analyst estimates, which is typically a positive signal for the stock. However, the YoY decrease in both earnings and sales might concern investors, potentially offsetting the positive impact of beating estimates. Therefore, the short-term impact on the stock price is uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100