Martin Midstream Partners Q3 EPS $(0.08) Misses $(0.03) Estimate, Sales $170.93M Miss $176.43M Estimate
Portfolio Pulse from Benzinga Newsdesk
Martin Midstream Partners reported a Q3 EPS of $(0.08), missing the $(0.03) estimate, and sales of $170.93M, missing the $176.43M estimate. This reflects a significant decrease in both earnings and sales compared to the previous year.
October 16, 2024 | 8:09 pm
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Martin Midstream Partners reported a Q3 EPS of $(0.08), significantly missing the $(0.03) estimate, and sales of $170.93M, below the $176.43M estimate. This indicates a substantial decline in performance compared to last year.
The significant miss on both EPS and sales compared to analyst estimates and the previous year's performance suggests a negative short-term impact on MMLP's stock price. Investors may react negatively to the larger-than-expected losses and decreased sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100