So this article is talking about a company called ICL Group. They make different kinds of products. In the last 3 months, they made more money than people thought they would. They sold things for a little less money than the year before, but they still did better than people expected. People who invest in the company are happy because it did better than they thought it would. Read from source...
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### CHRISTOPHER:
ICL Group's Earnings and Revenues Beat Estimates in Q2
by Zacks, Benzinga Contributor August 16, 2024 3:42 PM | 3 min read | Make a Comment
ICL Group Ltd reported profits of $115 million or 9 cents per share in second-quarter 2024, down from $163 million or 13 cents in the year-ago quarter. Barring one-time items, adjusted earnings per share were 10 cents. The bottom line beat the Zacks Consensus Estimate of 9 cents. Sales fell around 6% yearly to $1,752 million in the quarter. The figure beat the Zacks Consensus Estimate of $1,733.2 million.
bullish
Reasoning: ICL Group's Q2 earnings and revenues beat estimates. The company's full-year 2024 EBITDA guidance has been raised, with specialties-driven EBITDA projected to be in the range of $0.8 billion to $1 billion. The expected potash sales volumes remain unchanged in the range of 4.6-4.9 million metric tons. The stock's shares have gained 3.8% in the past month, and the company's overall performance is viewed positively in this report.
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