Chart Industries Q2 Sales $1.040B Miss $1.107B Estimate
Portfolio Pulse from Benzinga Newsdesk
Chart Industries (NYSE:GTLS) reported Q2 sales of $1.040 billion, missing the analyst consensus estimate of $1.107 billion by 6.07%. However, this represents a 14.52% increase over the same period last year.
August 02, 2024 | 10:31 am
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NEGATIVE IMPACT
Chart Industries reported Q2 sales of $1.040 billion, missing the analyst consensus estimate of $1.107 billion by 6.07%. Despite the miss, sales increased by 14.52% year-over-year.
The miss on sales estimates is likely to have a negative short-term impact on GTLS stock price, despite the year-over-year increase in sales. Investors often react negatively to earnings misses.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100