NewMarket Q1 2024 EPS $11.23 Up From $10.09; Net Sales $696.736M Down From $702.789M YoY
Portfolio Pulse from Benzinga Newsdesk
NewMarket reported its Q1 2024 earnings with an EPS of $11.23, up from $10.09 the previous year. However, net sales decreased to $696.736M from $702.789M year-over-year.
April 24, 2024 | 9:04 pm
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NewMarket's Q1 2024 earnings report shows an increase in EPS but a slight decline in net sales year-over-year.
The increase in EPS indicates improved profitability per share, which is generally viewed positively by investors. However, the slight decrease in net sales may raise concerns about revenue growth. The mixed results could lead to a neutral short-term impact on NewMarket's stock price, as positive earnings are offset by slight revenue concerns.
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IMPORTANCE 90
RELEVANCE 100