Orion Engineered Carbons Q2 Adj $0.53 Beats $0.52 Estimate, Sales $458.80M Miss $504.71M Estimate
Portfolio Pulse from Benzinga Newsdesk
Orion Engineered Carbons (NYSE:OEC) reported Q2 earnings of $0.53 per share, beating the analyst consensus estimate of $0.52 by 1.92%. However, the company's quarterly sales of $458.80 million missed the analyst consensus estimate of $504.71 million by 9.10%. This represents a 15.23% decrease in sales compared to the same period last year.
August 09, 2023 | 8:27 pm
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Orion Engineered Carbons beat Q2 earnings estimates but missed on sales. This mixed result could lead to uncertainty in the market, potentially impacting the stock's performance.
Orion Engineered Carbons reported a beat on earnings but a miss on sales. While the earnings beat is positive, the sales miss could be a concern for investors, leading to potential uncertainty in the stock's short-term performance.
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