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Valvoline Surpasses Q2 Earnings and Revenue Estimates

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Valvoline (NYSE: VVV) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 2.78%. A quarter ago, it was expected that this automotive and industrial lubricants maker would post earnings of $0.29 per share when it actually produced earnings of $0.29, delivering no surprise.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Valvoline, which belongs to the Zacks Chemical – Specialty industry, posted revenues of $388.7 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 0.05%. This compares to year-ago revenues of $344.5 million. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.

Valvoline …

Full story available on Benzinga.com

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