Ecovyst Q4 Adj EPS $0.22 Misses $0.23 Estimate, Sales $172.80M Beat $169.48M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ecovyst (NYSE:ECVT) reported Q4 adjusted EPS of $0.22, missing the consensus estimate of $0.23 by 4.35%, and a 12% decrease from last year's $0.25. Sales were $172.80M, beating estimates by 1.96% but down 5.47% from last year's $182.80M.
February 28, 2024 | 11:04 am
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Ecovyst reported a Q4 adjusted EPS of $0.22, missing estimates by 4.35%, with sales of $172.80M, slightly above expectations but showing a year-over-year decline.
Missing the EPS estimate and reporting a year-over-year decline in both earnings and sales suggests potential negative short-term impact on ECVT's stock price. Investors often react unfavorably to earnings misses and declining revenue trends.
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