Constellium Se (CSTM)

Shares of Constellium N.V. Odinary Share (CSTM) dropped by 7.80% from $16.28 to $15.01 in the trading on Wednesday, October 25, 2023. The reason why CSTM stock down is due to its mixed third-quarter report

• Earnings Beat: Constellium reported earnings of $0.47 per share for the quarter, surpassing the Zacks Consensus Estimate of $0.44 per share. However, this marked a decrease from the earnings of $0.89 per share in the same period the previous year. These figures are adjusted for non-recurring items.The earnings report represented an earnings surprise of 6.82%. In the previous quarter, the company beat expectations with earnings of $0.35 per share compared to an estimated $0.39 per share.
• Revenue Miss: Constellium posted revenues of $1.87 billion for the third quarter of 2023. While this figure represented a decrease from the $2.04 billion in revenue from the same period the previous year, it fell short of the Zacks Consensus Estimate by 6.90%.