Arcadium Lithium Q2 2024 Adj EPS $0.07 Beats $0.05 Estimate, Sales $255.00M Beat $248.63M Estimate
Portfolio Pulse from Benzinga Newsdesk
Arcadium Lithium (NYSE:ALTM) reported Q2 2024 earnings of $0.07 per share, beating the analyst estimate of $0.05 by 40%. The company also reported sales of $255.00 million, surpassing the estimate of $248.63 million by 2.56%.
August 06, 2024 | 8:14 pm
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Arcadium Lithium (NYSE:ALTM) reported Q2 2024 earnings of $0.07 per share, beating the analyst estimate of $0.05 by 40%. The company also reported sales of $255.00 million, surpassing the estimate of $248.63 million by 2.56%.
The significant beat on both EPS and sales estimates is likely to positively impact ALTM's stock price in the short term. Beating earnings estimates by 40% and sales estimates by 2.56% indicates strong performance and could boost investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100