Ingevity Q2 Adj $1.01 Misses $1.05 Estimate, Sales $390.60M Miss $407.58M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ingevity (NYSE:NGVT) reported Q2 earnings of $1.01 per share, missing the analyst estimate of $1.05. Sales were $390.60 million, below the $407.58 million estimate. Both earnings and sales saw significant declines compared to the same period last year.
July 31, 2024 | 8:20 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Ingevity reported Q2 earnings of $1.01 per share, missing the analyst estimate of $1.05. Sales were $390.60 million, below the $407.58 million estimate. Both earnings and sales saw significant declines compared to the same period last year.
Ingevity's Q2 earnings and sales both missed analyst estimates and showed significant year-over-year declines. This negative performance is likely to impact the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100