Olin (OLN) Q3 Earnings Surpass Estimates, Revenues Miss

Published on 30 Oct 2023 on Zacks via Yahoo Finance

Olin (OLN) Q3 Earnings Surpass Estimates, Revenues Miss

Olin Corporation OLN posted third-quarter 2023 profit of $104.1 million or 82 cents per share, down from $315.2 million or $2.18 per share in the year-ago quarter. Earnings per share topped the Zacks Consensus Estimate of 67 cents.The chemical maker’s revenues fell roughly 28% year over year to $1,671.4 million in the quarter. It missed the Zacks Consensus Estimate of $1,758.2 million. The top line in the reported quarter was hurt by lower volumes in its chemical businesses. The company witnessed lower sales across its segments in the quarter.

Olin Corporation Price, Consensus and EPS Surprise

Olin Corporation price-consensus-eps-surprise-chart | Olin Corporation Quote

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Olin (OLN) Q3 Earnings Surpass Estimates, Revenues Miss

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