Sociedad Quimica Y Minera Q1 2024 Adj EPS $0.80 Beats $0.73 Estimate, Sales $1.084B Miss $1.130B Estimate
Portfolio Pulse from Benzinga Newsdesk
Sociedad Quimica Y Minera (NYSE:SQM) reported Q1 2024 earnings per share of $0.80, beating the analyst estimate of $0.73. However, the company's sales of $1.084 billion missed the estimate of $1.130 billion and showed a significant year-over-year decline of 52.12%.
May 23, 2024 | 5:09 am
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Sociedad Quimica Y Minera (NYSE:SQM) reported Q1 2024 EPS of $0.80, beating estimates, but sales of $1.084 billion missed expectations and declined 52.12% YoY.
While the EPS beat is positive, the significant miss on sales and the large year-over-year decline in revenue could offset the positive sentiment, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100