Benzinga | Jul 29, 2020 07:14AM EDT

Axalta Coating Systems Q2 Adj. EPS $(0.15) Misses $(0.11) Estimate, Sales $52.70M Miss $627.08M Estimate

Axalta Coating Systems (NYSE:AXTA) reported quarterly losses of $(0.15) per share which missed the analyst consensus estimate of $(0.11) by 36.36 percent. This is a 128.85 percent decrease over earnings of $0.52 per share from the same period last year. The company reported quarterly sales of $52.70 million which missed the analyst consensus estimate of $627.08 million by 91.60 percent. This is a 95.45 percent decrease over sales of $1.16 billion the same period last year.