Axalta Coating Sys Q3 2024 Adj. EPS $0.59 Beats $0.51 Estimate, Sales $1.320B Miss $1.322B Estimate
Portfolio Pulse from Benzinga Newsdesk
Axalta Coating Systems reported Q3 2024 earnings per share of $0.59, surpassing the analyst estimate of $0.51. However, their sales of $1.320 billion slightly missed the expected $1.322 billion, though it marks a 0.84% increase from the previous year.
October 30, 2024 | 10:02 am
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Axalta Coating Systems reported better-than-expected Q3 2024 EPS of $0.59, beating the estimate of $0.51. However, sales were slightly below expectations at $1.320 billion, missing the $1.322 billion estimate. Sales increased by 0.84% year-over-year.
The positive earnings surprise is likely to have a favorable impact on AXTA's stock price in the short term, as EPS exceeded expectations by a significant margin. The slight miss in sales is unlikely to overshadow the earnings beat, especially given the year-over-year sales growth.
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