Cabot Q2 2024 Adj EPS $1.78 Beats $1.66 Estimate, Sales $1.02B Miss $1.05B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cabot (NYSE:CBT) reported Q2 2024 adjusted EPS of $1.78, surpassing the $1.66 estimate, but its sales of $1.02B fell short of the $1.05B estimate, marking a 1.36% decrease from the previous year.

May 06, 2024 | 8:34 pm
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Cabot's Q2 2024 earnings beat estimates with an adjusted EPS of $1.78, but sales missed expectations at $1.02B, a 1.36% YOY decline.
While Cabot's earnings per share exceeded expectations, the miss on sales forecasts and the year-over-year decline could temper investor enthusiasm, leading to a neutral short-term impact on the stock price. The beat on EPS suggests operational efficiency or cost management that investors might view positively, but the sales miss indicates potential challenges in revenue growth, creating mixed signals for the stock's short-term trajectory.
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