LSB Industries Q1 2024 GAAP EPS $0.08 Beats $0.05 Estimate, Sales $138.204M Beat $127.662M Estimate
Portfolio Pulse from Benzinga Newsdesk
LSB Industries (NYSE:LXU) reported Q1 2024 earnings of $0.08 per share, surpassing the $0.05 estimate, with sales of $138.204M also beating the $127.662M estimate. However, this represents a decrease from the previous year's earnings of $0.21 per share and sales of $180.964M.
April 29, 2024 | 8:37 pm
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LSB Industries reported higher-than-expected Q1 2024 earnings and sales, with an EPS of $0.08 beating estimates by 60% and sales exceeding estimates by 8.26%.
The positive earnings and sales beat by LSB Industries (LXU) for Q1 2024 are likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price. Despite the year-over-year decrease in earnings and sales, the fact that the company exceeded analyst expectations could boost investor confidence and demand for LXU shares in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100