Avient Q1 2024 Adj EPS $0.76 Beats $0.69 Estimate, Sales $829.000M Beat $818.433M Estimate
Portfolio Pulse from Benzinga Newsdesk
Avient (NYSE:AVNT) reported Q1 2024 adjusted EPS of $0.76, surpassing the $0.69 estimate, with sales of $829M also beating the $818.433M estimate. However, this represents a 1.97% decrease in sales compared to the same period last year.
May 07, 2024 | 10:21 am
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Avient's Q1 2024 earnings and sales exceeded estimates, with adjusted EPS at $0.76 and sales at $829M, despite a slight year-over-year sales decline.
Beating both EPS and sales estimates typically generates positive investor sentiment, likely leading to a short-term uptick in stock price. However, the year-over-year sales decline might temper some of the positive momentum.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100