Quaker Houghton Q2 2024 Adj EPS $2.13 Misses $2.21 Estimate, Sales $463.60M Miss $493.68M Estimate
Portfolio Pulse from Benzinga Newsdesk
Quaker Houghton (NYSE:KWR) reported Q2 2024 adjusted EPS of $2.13, missing the analyst estimate of $2.21. Sales were $463.60M, also missing the $493.68M estimate and down 6.43% from the same period last year.
August 05, 2024 | 8:31 pm
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NEGATIVE IMPACT
Quaker Houghton reported Q2 2024 earnings and sales that missed analyst estimates. EPS was $2.13 vs. $2.21 expected, and sales were $463.60M vs. $493.68M expected, down 6.43% YoY.
The company's earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. The YoY decline in sales further adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100