Balchem Q3 Adj $1.13 Beats $1.11 Estimate, Sales $239.94M Miss $241.93M Estimate
Portfolio Pulse from Benzinga Newsdesk
Balchem (NASDAQ:BCPC) reported Q3 earnings of $1.13 per share, beating estimates of $1.11, and a sales figure of $239.94 million, slightly missing the $241.93 million estimate. Earnings increased by 8.65% and sales by 4.35% compared to the previous year.
October 25, 2024 | 11:02 am
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Balchem's Q3 earnings per share of $1.13 exceeded expectations, while sales of $239.94 million fell short of estimates. Both earnings and sales showed year-over-year growth.
The earnings beat suggests positive operational performance, which is likely to have a favorable impact on the stock price. However, the sales miss could temper investor enthusiasm. Overall, the year-over-year growth in both earnings and sales is a positive indicator.
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IMPORTANCE 80
RELEVANCE 100