Olin Q4 EPS $0.43 Beats $0.19 Estimate, Sales $1.61B Beat $1.52B Estimate
Portfolio Pulse from Benzinga Newsdesk
Olin Corporation (NYSE:OLN) reported Q4 earnings per share (EPS) of $0.43, surpassing the analyst consensus estimate of $0.19 by 126.32%. However, this represents a 69.93% decrease from the $1.43 EPS reported in the same quarter last year. Sales reached $1.61 billion, exceeding the consensus estimate of $1.52 billion by 6.22%, but marking an 18.33% decline from the $1.98 billion in sales reported in the same period the previous year.
January 25, 2024 | 9:06 pm
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Olin Corporation reported strong Q4 earnings and sales, beating analyst estimates. However, both earnings and sales have decreased compared to the same period last year.
While Olin's earnings and sales for Q4 beat analyst estimates, which could be seen as a positive signal, the significant year-over-year decline in both metrics may temper investor enthusiasm. The mixed results present both positive and negative aspects, which could lead to a neutral short-term impact on the stock price as the market digests the information.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100