Markets

Chart Industries Inc. Q2 Profit Increases, But Misses Estimates

August 02, 2024 — 06:59 am EDT

Written by RTTNews.com for RTTNews

(RTTNews) - Chart Industries Inc. (GTLS) revealed a profit for its second quarter that increased from last year but missed the Street estimates.

The company's bottom line totaled $51.8 million, or $1.10 per share. This compares with $2.2 million, or $0.05 per share, in last year's second quarter.

Excluding items, Chart Industries Inc. reported adjusted earnings of $2.18 per share for the period.

Analysts on average had expected the company to earn $2.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.5% to $1.040 billion from $908.1 million last year.

Chart Industries Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $51.8 Mln. vs. $2.2 Mln. last year. -EPS (Q2): $1.10 vs. $0.05 last year. -Revenue (Q2): $1.040 Bln vs. $908.1 Mln last year.

RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source

Tags

Markets
Stocks Mentioned

Latest Articles
Data is currently not available