NewMarket Q4 EPS $8.38 Down From $9.26 YoY, Sales $643.35M Down From $682.56M YoY
Portfolio Pulse from Benzinga Newsdesk
NewMarket Corporation reported a decrease in Q4 earnings per share from $9.26 to $8.38 and a 5.74% drop in sales to $643.35M compared to the same quarter last year.
January 31, 2024 | 10:24 pm
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NEGATIVE IMPACT
NewMarket's Q4 earnings and sales have both decreased compared to the same period last year, indicating potential pressure on the stock price.
The reported decrease in both earnings per share and sales is typically seen as a negative indicator for a company's financial performance and may lead to a bearish outlook among investors in the short term. This could result in downward pressure on NewMarket's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100