Stepan Q3 2024 Adj. EPS $1.03 Beats $0.65 Estimate, Sales $546.842M Miss $585.900M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stepan Company reported its Q3 2024 financial results, with adjusted EPS of $1.03, surpassing the estimate of $0.65. However, sales were $546.842 million, missing the expected $585.900 million.
October 30, 2024 | 11:07 am
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Stepan Company's Q3 2024 adjusted EPS of $1.03 exceeded expectations, but sales fell short of estimates, coming in at $546.842 million compared to the expected $585.900 million.
The positive EPS surprise is offset by the sales miss, leading to a neutral short-term impact on the stock price. Investors may be concerned about the sales shortfall despite the earnings beat.
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