Entegris Q1 2024 Adj EPS $0.68 Beats $0.62 Estimate, Sales $771.025M Beat $769.278M Estimate
Portfolio Pulse from Benzinga Newsdesk
Entegris (NASDAQ:ENTG) reported Q1 2024 adjusted EPS of $0.68, surpassing the $0.62 estimate, with sales of $771.025M also beating the $769.278M estimate. However, this represents a 16.41% decrease in sales compared to the same period last year.
May 01, 2024 | 10:00 am
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Entegris reported a Q1 2024 EPS of $0.68, beating estimates, and sales of $771.025M, also above expectations but noted a 16.41% decrease in sales YOY.
The positive earnings and sales beat in Q1 2024 for Entegris are likely to be viewed favorably by investors in the short term, potentially leading to an uptick in stock price. However, the significant year-over-year decrease in sales might temper some of the enthusiasm, suggesting a cautious optimism.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100