Sensient Technologies Q3 EPS $0.75, Inline, Sales $363.80M Miss $371.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sensient Technologies (NYSE:SXT) reported Q3 earnings of $0.75 per share, in line with analyst consensus. However, this is a 11.76% decrease from the same period last year. The company's quarterly sales of $363.80 million missed the analyst consensus estimate of $371.80 million by 2.15%, but it's a 0.75% increase from last year.
October 20, 2023 | 10:57 am
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NEUTRAL IMPACT
Sensient Technologies' Q3 earnings met expectations but are down YoY. Sales missed estimates but are up YoY.
Sensient Technologies' earnings met expectations, which is positive. However, the YoY decrease in earnings and the missed sales estimates could negatively impact investor sentiment. The YoY increase in sales could offset this somewhat, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100