Trinseo Q1 2024 Adj EPS $(1.94) Beats $(1.98) Estimate, Sales $904.000M Beat $857.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Trinseo (NYSE:TSE) reported Q1 2024 adjusted EPS of $(1.94), surpassing the $(1.98) estimate, and sales of $904M, exceeding the $857M forecast. This represents a significant decrease in performance compared to the same period last year, with a 92.08% drop in EPS and a 9.26% decrease in sales.
May 08, 2024 | 10:10 pm
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Trinseo's Q1 2024 earnings and sales beat estimates but show a significant year-over-year decline in performance.
While Trinseo's Q1 2024 financial results exceeded analyst expectations, the significant decrease in EPS and sales compared to the previous year could raise concerns among investors about the company's long-term growth and profitability. The positive beat on estimates may provide short-term stock support, but the overall decline in performance highlights underlying challenges.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100