Intrepid Potash Q2 Sales $62.055M Beat $50.950M Estimate
Portfolio Pulse from Benzinga Newsdesk
Intrepid Potash (NYSE:IPI) reported Q2 sales of $62.055 million, beating the analyst consensus estimate of $50.950 million by 21.80%. However, this represents a 23.42% decrease from the same period last year.
August 05, 2024 | 8:42 pm
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Intrepid Potash reported Q2 sales of $62.055 million, surpassing the analyst estimate of $50.950 million by 21.80%. Despite this, sales decreased by 23.42% compared to the same period last year.
The positive earnings surprise is likely to boost short-term investor sentiment, but the significant year-over-year decline in sales may temper enthusiasm. Overall, the beat on estimates is expected to have a positive short-term impact on the stock price.
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