Orion Engineered Carbons Q3 Adj EPS $0.49 Beats $0.46 Estimate, Sales $466.20M Miss $502.84M Estimate
Portfolio Pulse from mahesh@benzinga.com
Orion Engineered Carbons (NYSE:OEC) reported Q3 earnings of $0.49 per share, beating the analyst consensus estimate of $0.46 by 6.52%. However, the company's quarterly sales of $466.20 million missed the analyst consensus estimate of $502.84 million by 7.29%. Both earnings and sales have decreased compared to the same period last year.
November 02, 2023 | 9:24 pm
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Orion Engineered Carbons beat Q3 earnings estimates but missed on sales, with both figures down year-on-year.
While the company beat earnings estimates, it missed on sales and both figures are down compared to last year. This mixed result could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100