Minerals Technologies Q2 2024 Adj EPS $1.65 Beats $1.60 Estimate, Sales $541.200M Miss $556.350M Estimate
Portfolio Pulse from Benzinga Newsdesk
Minerals Technologies (NYSE:MTX) reported Q2 2024 adjusted EPS of $1.65, beating the estimate of $1.60, but sales of $541.2M missed the $556.35M estimate. EPS increased by 25.95% year-over-year, while sales decreased by 1.87%.
July 25, 2024 | 9:13 pm
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Minerals Technologies reported Q2 2024 adjusted EPS of $1.65, beating the estimate of $1.60, but sales of $541.2M missed the $556.35M estimate. EPS increased by 25.95% year-over-year, while sales decreased by 1.87%.
The positive EPS surprise and significant year-over-year growth in earnings are likely to have a positive short-term impact on the stock price. However, the miss on sales and slight year-over-year decline in revenue may temper the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100