Compass Minerals Intl Q2 2024 GAAP EPS $1.49 Up From $(0.46) YoY, Sales $364.000M Miss $393.950M Estimate
Portfolio Pulse from Benzinga Newsdesk
Compass Minerals Intl (CMP) reported a significant increase in Q2 2024 GAAP EPS to $1.49 from a loss of $(0.46) YoY, but missed sales estimates with $364M against the expected $393.95M, marking an 11.46% decrease from last year.
May 07, 2024 | 9:04 pm
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Compass Minerals Intl reported a significant increase in Q2 2024 earnings per share to $1.49 from a loss of $(0.46) year-over-year, but missed sales forecasts with $364M versus the expected $393.95M.
The substantial increase in EPS for Compass Minerals Intl indicates a strong profitability improvement, which could positively influence investor sentiment. However, the miss on sales estimates and the year-over-year decrease in sales could temper enthusiasm, suggesting a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100