Stepan Shares Down After Q2 Adjusted Earnings, Sales Fall-February 2024-www.financetom.com

Stepan Shares Down After Q2 Adjusted Earnings, Sales Fall

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Stepan Shares Down After Q2 Adjusted Earnings, Sales Fall

Jul 31, 2024 7:48 AM

10:17 AM EDT, 07/31/2024 (MT Newswires) -- Stepan ( SCL ) shares fell 5.7% in recent Wednesday trading after the specialty chemicals company reported lower Q2 results.

The company reported earlier Q2 adjusted earnings of $0.41 per diluted share, compared with $0.53 a year earlier.

Three analysts polled by Capital IQ expected $0.67.

Net sales for the quarter ended June 30 was $556.4 million, compared with $580.0 million a year earlier.

Three analysts polled by Capital IQ expected $581.3 million.

Price: 84.92, Change: -5.11, Percent Change: -5.68

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