Balchem Q2 Adj $1.09 Beats $1.03 Estimate, Sales $234.08M Miss $239.69M Estimate
Portfolio Pulse from Benzinga Newsdesk
Balchem (NASDAQ:BCPC) reported Q2 earnings of $1.09 per share, beating the analyst estimate of $1.03. However, sales of $234.08 million missed the estimate of $239.69 million. Earnings increased by 2.83% year-over-year, while sales grew by 1.22%.
July 26, 2024 | 11:02 am
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Balchem's Q2 earnings per share of $1.09 beat estimates by 5.83%, but sales of $234.08 million missed expectations by 2.34%. Earnings increased by 2.83% year-over-year, while sales grew by 1.22%.
While Balchem's earnings per share beat expectations, the miss on sales figures could create mixed sentiment among investors. The slight year-over-year growth in both earnings and sales indicates stability but not significant momentum.
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