ChampionX Q3 Sales $906.53M Miss $932.24M Estimate
Portfolio Pulse from Benzinga Newsdesk
ChampionX reported Q3 sales of $906.53 million, missing the analyst consensus estimate of $932.24 million by 2.76%. This represents a 3.54% decrease from the same period last year.
October 23, 2024 | 9:10 pm
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ChampionX's Q3 sales of $906.53 million missed expectations by 2.76% and decreased by 3.54% year-over-year, potentially impacting stock prices negatively.
The company's sales miss and year-over-year decline suggest potential negative sentiment among investors, likely leading to short-term downward pressure on the stock price.
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