Olin Q2 2024 GAAP EPS $0.62 Misses $0.71 Estimate, Sales $1.644B Miss $1.709B Estimate
Portfolio Pulse from Benzinga Newsdesk
Olin Corporation (NYSE:OLN) reported Q2 2024 earnings per share (EPS) of $0.62, missing the analyst consensus estimate of $0.71 by 12.68%. The company's sales were $1.644 billion, also below the expected $1.709 billion. Both EPS and sales figures represent declines compared to the same period last year.
July 25, 2024 | 8:09 pm
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Olin Corporation reported Q2 2024 EPS of $0.62, missing the consensus estimate of $0.71 by 12.68%. Sales were $1.644 billion, below the expected $1.709 billion. Both EPS and sales figures are down compared to the same period last year.
The significant miss on both EPS and sales estimates, along with the year-over-year declines, is likely to negatively impact Olin's stock price in the short term. Investors may react to the lower-than-expected financial performance.
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