Ascent Industries Q2 2024 GAAP EPS $(0.02), Sales $50.189M Miss $53.800M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ascent Industries (NASDAQ:ACNT) reported a Q2 2024 GAAP EPS of $(0.02) and sales of $50.189 million, missing the analyst estimate of $53.800 million by 6.71%. This represents a 0.33% decrease from the same period last year.
August 06, 2024 | 9:00 pm
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Ascending
NEGATIVE IMPACT
Ascent Industries reported a Q2 2024 GAAP EPS of $(0.02) and sales of $50.189 million, missing analyst estimates by 6.71%. This is a slight decrease from the same period last year.
The company's earnings and sales missed analyst estimates, which is likely to negatively impact the stock price in the short term. The slight year-over-year decrease in sales further adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100