Koppers Hldgs Q1 2024 Adj EPS $0.62 Misses $0.67 Estimate, Sales $497.600M Miss $501.667M Estimate
Portfolio Pulse from Benzinga Newsdesk
Koppers Holdings (KOP) reported Q1 2024 adjusted EPS of $0.62, missing the $0.67 estimate, and sales of $497.6M, below the $501.667M forecast. This represents a 48.33% decrease in earnings and a 3.08% drop in sales from the same period last year.
May 03, 2024 | 11:58 am
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Koppers Holdings reported a significant miss in both earnings and sales for Q1 2024, with a notable decrease from the previous year.
Missing both earnings and sales estimates, especially with a significant year-over-year decrease, typically leads to negative investor sentiment and could result in a short-term decline in stock price.
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