While Arq's earnings per share for Q1 2024 significantly exceeded analyst expectations, the miss on sales forecasts could temper investor enthusiasm. The positive earnings surprise suggests operational efficiency or cost management success, which is typically viewed favorably by investors. However, the sales miss might raise concerns about demand for Arq's products or services, market competition, or pricing power, potentially offsetting some of the positive sentiment from the earnings beat. Therefore, the short-term impact on ARQ's stock price is assessed as neutral, reflecting a balance between the positive earnings outcome and the less favorable sales performance.