Chart Industries Q1 2024 Adj EPS $1.49 Misses $1.55 Estimate, Sales $950.700M Miss $972.880M Estimate
Portfolio Pulse from Benzinga Newsdesk
Chart Industries (NYSE:GTLS) reported Q1 2024 adjusted EPS of $1.49, missing the $1.55 estimate, and sales of $950.7M, below the $972.88M estimate. This represents a 76.74% increase in sales compared to the same period last year.
May 03, 2024 | 10:31 am
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Chart Industries reported lower-than-expected Q1 2024 earnings and sales, with an EPS of $1.49 against a $1.55 estimate and sales of $950.7M vs. a $972.88M estimate.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The significant increase in sales year-over-year indicates growth, but the miss on expectations could overshadow this positive aspect in the immediate aftermath of the report.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100