Huntsman Q1 2024 Adj EPS $(0.06), Inline, Sales $1.470B Miss $1.471B Estimate
Portfolio Pulse from Benzinga Newsdesk
Huntsman (NYSE:HUN) reported a Q1 2024 adjusted EPS of $(0.06), meeting analyst estimates but marking a 130% decrease from the previous year's earnings of $0.20 per share. Quarterly sales were $1.470 billion, slightly missing the $1.471 billion estimate and showing an 8.47% decrease from the previous year.
May 02, 2024 | 8:16 pm
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Huntsman reported a Q1 2024 adjusted EPS of $(0.06), in line with estimates, and a slight miss in sales at $1.470 billion versus the $1.471 billion estimate.
The reported adjusted EPS of $(0.06) indicates a significant decrease in profitability from the previous year, which is likely to negatively impact investor sentiment and the stock price in the short term. The slight miss in sales further compounds the negative outlook, despite meeting EPS estimates, indicating a potential decrease in market value.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100