Balchem Q3 Adjusted EPS $1.04 Beats $0.97 Estimate, Sales $229.95M Miss $237.08M Estimate
Portfolio Pulse from Benzinga Newsdesk
Balchem (NASDAQ:BCPC) reported Q3 earnings of $1.04 per share, beating the analyst consensus estimate of $0.97 by 7.22%. However, the company's quarterly sales of $229.95 million missed the analyst consensus estimate of $237.08 million by 3.01%. This represents a 5.86% decrease over sales from the same period last year.
October 27, 2023 | 11:05 am
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Balchem's Q3 earnings beat estimates but sales missed, which could lead to mixed market reactions.
Balchem's earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates, which is negative. These two factors could offset each other, leading to a neutral short-term impact on the stock.
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