Haynes Intl Q2 2024 GAAP EPS $0.66 Misses $0.81 Estimate, Sales $152.500M Miss $158.797M Estimate
Portfolio Pulse from Benzinga Newsdesk
Haynes Intl (NASDAQ:HAYN) reported Q2 2024 GAAP EPS of $0.66, missing the $0.81 estimate, with sales of $152.5M also missing the $158.797M estimate, marking a 0.19% decrease from the previous year.

May 09, 2024 | 9:22 pm
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Haynes Intl reported lower than expected Q2 2024 earnings and sales, missing analyst estimates with a slight year-over-year sales decrease.
Missing both EPS and sales estimates, especially when the market expects better performance, typically leads to negative investor sentiment in the short term. The slight year-over-year decrease in sales further compounds the negative outlook, suggesting potential challenges in growth or market conditions that could impact the stock price negatively.
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