Constellium Q3 EPS $0.02 Miss $0.38 Estimate, Sales $1.80B Miss $1.94B Estimate
Portfolio Pulse from Benzinga Newsdesk
Constellium reported Q3 earnings per share of $0.02, missing the estimate of $0.38. The company's sales were $1.80 billion, falling short of the expected $1.94 billion.
October 23, 2024 | 10:05 am
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NEGATIVE IMPACT
Constellium's Q3 earnings and sales both missed estimates, with EPS at $0.02 versus the expected $0.38 and sales at $1.80B compared to the $1.94B forecast.
The significant miss on both EPS and sales estimates is likely to negatively impact Constellium's stock price in the short term. Investors often react unfavorably to such earnings misses, especially when both top and bottom lines fall short of expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100