Movement Alert｜Element Solutions Falls 6.21% in Regular Trading, Shares Weaken Despite Q3 Earnings Beat and Higher Full-Year Outlook

Market Focus10-23

On October 23, Element Solutions fell 6.21% in Regular Trading, trading at $34.11 per share, with turnover of $173 million.

The main catalyst in recent news was the company’s latest quarterly report: Element Solutions posted third-quarter adjusted EPS of $0.50, above the $0.48 consensus, on revenue of $995.3 million, also above expectations near $964.2 million.

Management also raised its full-year adjusted EBITDA outlook to about $720 million, including full-year contributions from the Micromax and EFC acquisitions, and said it expects full-year adjusted EPS growth of more than 20%. Even with the earnings beat and stronger guidance, the stock moved lower in the latest session, indicating the positive report did not translate into near-term share price support.

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