Olin Q3 EPS $0.82, Sales $1.67B Miss $1.73B Estimate
Portfolio Pulse from Benzinga Newsdesk
Olin Corporation (NYSE:OLN) reported Q3 earnings of $0.82 per share, beating the analyst consensus estimate of $0.74 by 10.81%. However, this is a 62.39% decrease from the same period last year. The company's quarterly sales were $1.67 billion, missing the analyst consensus estimate of $1.74 billion by 3.97%, and marking a 28.04% decrease from the same period last year.
October 26, 2023 | 8:27 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Olin's Q3 earnings beat estimates but are significantly down YoY. Sales also missed estimates and are down YoY.
Olin's earnings beat estimates, which is positive. However, the significant YoY decrease in earnings and sales, as well as the missed sales estimates, are negative indicators that could impact the stock price negatively in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100