Axalta Coating Sys Q4 Adj. EPS $0.43 Misses $0.44 Estimate, Sales $1.30B Beat $1.28B Estimate
Portfolio Pulse from Benzinga Newsdesk
Axalta Coating Systems (AXTA) reported Q4 adjusted EPS of $0.43, missing the consensus estimate of $0.44 by 2.27%. However, their quarterly sales of $1.30B exceeded the $1.28B estimate by 1.33%, marking a 4.85% increase from the previous year.
February 08, 2024 | 11:01 am
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Axalta Coating Systems reported a slight miss on Q4 EPS estimates but exceeded sales expectations, showing a year-over-year growth.
The slight miss in EPS might concern some investors, potentially putting downward pressure on the stock. However, the beat on sales estimates and the year-over-year growth in both earnings and sales could offset negative sentiment, leading to a neutral short-term impact.
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