Olin Q3 2024 GAAP EPS $(0.21) Misses $0.03 Estimate, Sales $1.59B Beat $1.57B Estimate
Portfolio Pulse from Benzinga Newsdesk
Olin Corporation reported a Q3 2024 GAAP EPS of $(0.21), missing the analyst estimate of $0.03, while sales of $1.59 billion slightly exceeded expectations of $1.57 billion.
October 24, 2024 | 8:29 pm
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NEGATIVE IMPACT
Olin Corporation's Q3 2024 earnings report showed a significant EPS miss, with a loss of $(0.21) compared to the expected $0.03. However, sales slightly exceeded expectations at $1.59 billion.
The significant EPS miss is likely to negatively impact Olin's stock price in the short term, despite the slight sales beat. Investors may react to the earnings miss more strongly than the sales beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100