LSB Industries Q3 EPS $(0.10) Beats $(0.12) Estimate, Sales $114.29M Beat $110.20M Estimate
Portfolio Pulse from mahesh@benzinga.com
LSB Industries (NYSE:LXU) reported Q3 losses of $(0.10) per share, beating the analyst consensus estimate of $(0.12) by 16.67%. This is a 137.04% decrease over earnings of $0.27 per share from the same period last year. The company also reported quarterly sales of $114.29 million, beating the analyst consensus estimate of $110.20 million by 3.71%. This is a 37.98% decrease over sales of $184.27 million the same period last year.
November 01, 2023 | 9:30 pm
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LSB Industries reported better than expected Q3 earnings and sales, but both figures significantly decreased YoY.
While LSB Industries beat Q3 estimates, the significant YoY decreases in both earnings and sales could offset any potential positive impact. The market's reaction will likely depend on whether investors focus more on the beat or the YoY decreases.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100