Constellium (NYSE:CSTM) delivered a profit and missed Wall Street’s expectations, AND missed the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Constellium Earnings Cheat Sheet
Revenue: Decreased 6.1% to $1.21 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Constellium reported adjusted EPS income of $0.33 per share. By that measure, the company missed the mean analyst estimate of $0.57. It missed the average revenue estimate of $1.24 billion.
Quoting Management: Pierre Vareille, Constellium’s Chief Executive Officer said: “This was another good quarterly performance for the company, and underlying demand from our key end markets continues to be solid. We are very pleased with the execution of our productivity and cost improvement initiatives and our working capital management program, which are continuing to contribute to our improved profitability and cash profile.”
Key Stats (on next page)…