Chemours Q1 2024 Adj EPS $0.32 Beats $0.18 Estimate
Portfolio Pulse from Benzinga Newsdesk
Chemours (NYSE:CC) reported Q1 2024 adjusted earnings per share (EPS) of $0.32, surpassing the analyst consensus estimate of $0.18 by 77.78%. However, this represents a 67.35% decrease from the $0.98 EPS reported in the same period last year.
April 30, 2024 | 8:31 pm
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Chemours reported a significant beat on Q1 2024 EPS estimates but saw a sharp decline from the previous year's earnings.
While Chemours beating EPS estimates is positive news and could lead to short-term bullish sentiment, the significant year-over-year decline in earnings might raise concerns about the company's growth trajectory and profitability, potentially offsetting some of the positive impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100