Ecolab Q3 2024 Adj EPS $1.83 Beats $1.82 Estimate, Sales $4.00B Miss $4.04B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ecolab reported Q3 2024 earnings per share of $1.83, slightly beating the estimate of $1.82. However, sales were $4.00 billion, missing the $4.04 billion estimate. Sales increased by 1.02% compared to the same period last year.
October 29, 2024 | 12:01 pm
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Ecolab's Q3 2024 earnings per share slightly exceeded expectations, but sales fell short of estimates. Despite the sales miss, there was a year-over-year increase in sales.
Ecolab's earnings per share slightly exceeded expectations, which is a positive indicator. However, the sales miss could offset this positive sentiment. The year-over-year sales growth is a positive sign, but the miss on sales estimates may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100