Trinseo Q3 Adj $(1.03) Misses $(0.96) Estimate, Sales $879.00M Miss $973.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Trinseo reported Q3 losses of $(1.03) per share, missing the analyst consensus estimate of $(0.96) by 7.29%. The company also reported quarterly sales of $879.00 million, missing the analyst consensus estimate of $973.00 million by 9.66%. This represents a 64.6% increase in losses and a 25.38% decrease in sales compared to the same period last year.
November 03, 2023 | 8:17 pm
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NEGATIVE IMPACT
Trinseo's Q3 results missed analyst estimates, with a 7.29% greater loss per share and a 9.66% lower sales than expected. This could negatively impact the company's stock price in the short term.
Trinseo's Q3 results missed analyst estimates, which is typically a negative signal to the market. The company reported a greater loss per share and lower sales than expected, which could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100