NewMarket Q3 EPS $11.60 Up From $6.32 YoY, Sales $667.15M Down From $696.05M YoY
Portfolio Pulse from totan@benzinga.com
NewMarket (NYSE:NEU) reported Q3 earnings of $11.60 per share, an 83.54% increase YoY. However, sales decreased by 4.15% to $667.15 million compared to the same period last year.
October 25, 2023 | 9:10 pm
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NEUTRAL IMPACT
NewMarket's Q3 earnings per share increased significantly by 83.54% YoY, but sales decreased by 4.15% compared to the same period last year.
The significant increase in earnings per share indicates strong profitability, which is a positive signal for investors. However, the decrease in sales could be a concern as it might indicate a slowdown in business operations. These two factors could potentially offset each other, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100