Atlas Energy Solutions Q3 2024 GAAP EPS $0.04 Down From $0.51 YoY, Sales $304.434M Miss $308.288M Estimate
Portfolio Pulse from Benzinga Newsdesk
Atlas Energy Solutions reported a significant drop in Q3 2024 earnings per share to $0.04 from $0.51 YoY, with sales of $304.434M missing estimates by 1.25%. Despite the earnings drop, sales increased by 93.15% compared to the previous year.
October 28, 2024 | 8:41 pm
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NEGATIVE IMPACT
Atlas Energy Solutions reported a significant decrease in Q3 2024 earnings per share to $0.04 from $0.51 YoY, missing sales estimates slightly. However, sales increased by 93.15% compared to the previous year.
The significant drop in EPS from $0.51 to $0.04 is likely to negatively impact investor sentiment, despite the substantial YoY sales growth. Missing sales estimates by 1.25% adds to the negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100