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Chart Industries' Q2 Adjusted Earnings, Revenue Increase; Trims 2024 Forecast
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Chart Industries' Q2 Adjusted Earnings, Revenue Increase; Trims 2024 Forecast
Aug 2, 2024 4:22 AM

07:05 AM EDT, 08/02/2024 (MT Newswires) -- Chart Industries ( GTLS ) reported Q2 adjusted earnings of $2.18 per diluted share on Friday, up from $1.04 a year earlier.

Analysts polled by Capital IQ expected $2.45.

Revenue for the quarter ended June 30 was $1.04 billion compared with $908.1 million a year earlier.

Analysts surveyed by Capital IQ expected $1.11 billion.

The company trimmed its full-year 2024 adjusted diluted earnings per share forecast to $10.75 to $11.75 from $12 to $14. Analysts surveyed by Capital IQ expect $11.21. It also lowered its revenue forecast for the year between $4.45 billion and $4.60 billion from $4.7 to $5 billion. Analysts polled by Capital IQ expect $4.68 billion.

Chart shares fell 2.5% in premarket trading.

Price: 150.00, Change: -3.85, Percent Change: -2.50

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