Methanex Q2 2024 Adj. EPS $0.62 Beats $0.52 Estimate, Sales $920.000M Miss $966.905M Estimate
Portfolio Pulse from Benzinga Newsdesk
Methanex (NASDAQ:MEOH) reported Q2 2024 adjusted EPS of $0.62, beating the estimate of $0.52, but sales of $920 million missed the $966.905 million estimate. Sales decreased by 2.02% compared to the same period last year.
July 30, 2024 | 9:12 pm
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Methanex reported Q2 2024 adjusted EPS of $0.62, beating the estimate of $0.52 by 19.23%. However, sales of $920 million missed the $966.905 million estimate and decreased by 2.02% YoY.
The positive EPS surprise is offset by the sales miss and YoY decline, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100