ICL Group Q1 2024 GAAP EPS $0.09, Inline, Sales $1.735B Miss $1.752B Estimate
Portfolio Pulse from Benzinga Newsdesk
ICL Group reported Q1 2024 earnings of $0.09 per share, meeting analyst estimates but marking a 60.87% decrease from the previous year. Sales were $1.735B, missing estimates by 0.95% and showing an 18.01% decrease from the previous year.
May 09, 2024 | 6:26 am
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ICL Group's Q1 2024 earnings matched expectations but showed significant declines in both earnings per share and sales compared to last year.
The reported earnings and sales miss, despite being in line with EPS estimates, indicate a significant year-over-year decline in performance. This could lead to negative investor sentiment in the short term, potentially impacting the stock price negatively.
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