Ferroglobe Q2 EPS $0.30 Beats $0.13 Estimate, Sales $456.44M Miss $469.45M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ferroglobe (NASDAQ:GSM) reported Q2 earnings of $0.30 per share, beating the analyst consensus estimate of $0.13 by 130.77%. However, this is a 73.68% decrease from the same period last year. The company's quarterly sales were $456.44 million, missing the analyst consensus estimate of $469.45 million by 2.77%. This is a 45.71% decrease from the same period last year.
August 14, 2023 | 9:01 pm
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Ferroglobe's Q2 earnings beat estimates but are significantly down YoY. Sales also missed estimates and are down YoY.
Ferroglobe's earnings beat estimates, which is positive. However, the significant YoY decrease in both earnings and sales, as well as the missed sales estimates, are negative indicators that could impact the stock negatively in the short term.
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