NL Industries Q1 EPS $0.14 Beats $0.12 Estimate, Sales $38.00M Down From $41.20M YoY
Portfolio Pulse from Benzinga Newsdesk
NL Industries reported Q1 earnings of $0.14 per share, surpassing the consensus estimate of $0.12, marking a 200% increase from last year's losses. However, sales decreased by 7.77% YoY to $38.00M from $41.20M.
May 08, 2024 | 10:44 pm
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NL Industries reported a significant earnings beat and a strong year-over-year EPS improvement, but faced a decline in sales.
The positive earnings report, with a significant beat on EPS estimates and a substantial improvement from last year's losses, is likely to be viewed favorably by investors, potentially leading to a short-term uptick in NL's stock price. However, the decline in sales might temper some of the enthusiasm, suggesting a mixed but overall positive short-term impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100