Tronox Holdings Q3 2024 Adj. EPS $(0.13) Misses $0.16 Estimate, Sales $804.000M Beat $790.656M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tronox Holdings reported a Q3 2024 adjusted EPS of $(0.13), missing the $0.16 estimate, but sales of $804M beat the $790.656M estimate. Sales increased by 21.45% from the previous year.
October 24, 2024 | 8:31 pm
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NEGATIVE IMPACT
Tronox Holdings reported a Q3 2024 adjusted EPS of $(0.13), significantly missing the $0.16 estimate. However, sales of $804M exceeded expectations, showing a 21.45% increase from last year.
The significant miss on EPS is likely to negatively impact the stock price in the short term, despite the positive sales performance. The market often reacts more strongly to earnings misses than sales beats.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100