Chart Industries Q3 2024 Adj. EPS $2.18 Misses $2.48 Estimate, Sales $1.063B Miss $1.107B Estimate
Portfolio Pulse from Benzinga Newsdesk
Chart Industries reported Q3 2024 earnings per share of $2.18, missing the analyst estimate of $2.48. Sales were $1.063 billion, below the expected $1.107 billion, but up 18.33% from last year.
November 01, 2024 | 10:33 am
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NEGATIVE IMPACT
Chart Industries' Q3 2024 earnings and sales both missed analyst estimates, with EPS at $2.18 and sales at $1.063 billion. Despite the miss, sales increased by 18.33% year-over-year.
The earnings per share and sales figures both missed analyst expectations, which typically results in negative short-term stock price movement. However, the year-over-year sales growth of 18.33% is a positive indicator, potentially mitigating some negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100