Sensient Technologies Q2 2024 Adj EPS $0.77 Misses $0.82 Estimate, Sales $403.525M Beat $395.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sensient Technologies (NYSE:SXT) reported Q2 2024 earnings per share of $0.77, missing the analyst estimate of $0.82 by 6.1%. However, the company reported sales of $403.525 million, beating the estimate of $395.000 million by 2.16% and marking a 7.80% increase from the same period last year.
July 26, 2024 | 10:57 am
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NEUTRAL IMPACT
Sensient Technologies reported mixed Q2 2024 results with EPS missing estimates but sales beating expectations and showing a significant year-over-year increase.
The mixed results with EPS missing estimates but sales beating expectations and showing a significant year-over-year increase suggest a neutral short-term impact on the stock price. Investors may weigh the earnings miss against the positive sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100