Innospec Q1 2024 Adj EPS $1.75 Beats $1.64 Estimate, Sales $500.200M Miss $504.133M Estimate
Portfolio Pulse from Benzinga Newsdesk
Innospec reported Q1 2024 adjusted EPS of $1.75, surpassing the $1.64 estimate, but its sales of $500.2M fell short of the $504.133M forecast, marking a 1.84% year-over-year decrease.
May 09, 2024 | 8:47 pm
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Innospec's Q1 2024 earnings surpassed estimates with an EPS of $1.75, but sales slightly missed expectations and showed a year-over-year decline.
While beating EPS estimates typically has a positive impact on stock prices, the miss on sales forecasts and the year-over-year decline could temper investor enthusiasm. The mixed results suggest a neutral short-term impact, as positive earnings are offset by slight sales disappointments.
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