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20.19
0.85%
+0.17
Why is Constellium SE (CSTM) Stock down?
We've noticed a 6.28% decline in Constellium SE (CSTM) stock during the 2024-04-24 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
25 Oct, 2023:
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%.
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