Ecovyst Q2 2024 Adj. EPS $0.12 Misses $0.13 Estimate, Sales $182.800M Miss $189.788M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ecovyst (NYSE: ECVT) reported Q2 2024 earnings per share of $0.12, missing the analyst estimate of $0.13. This represents a 58.62% decrease from the same period last year. Quarterly sales were $182.8 million, also missing the estimate of $189.788 million and showing a slight decrease from last year's $184.1 million.
August 01, 2024 | 10:21 am
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Ecovyst reported Q2 2024 earnings per share of $0.12, missing the analyst estimate of $0.13. This represents a 58.62% decrease from the same period last year. Quarterly sales were $182.8 million, also missing the estimate of $189.788 million and showing a slight decrease from last year's $184.1 million.
Ecovyst's Q2 2024 earnings and sales both missed analyst estimates, with a significant year-over-year decline in EPS. This is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100