Constellium N.V. Down 1.83% To $13.91 After Earnings Miss

Constellium N.V. (CSTM) said before open Wednesday that it lost $0.26 per share in quarter two 2022.

On the revenue line, the company reported $2.4 billion, beating estimates by $345 million.

In the same quarter a year ago, the company earned $0.88 per share on revenue of $1.8 billion.

The stock is down 1.83% to $13.91 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 51. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.

Constellium SE designs and manufactures high value-added aluminum products and solutions, serving primarily the packaging, aerospace, and automotive end-markets. The company is structured into three operating segments: Packaging and Automotive Rolled Products; Aerospace and Transportation and Automotive Structures and Industry. It operates its business mainly in France, the United States, Germany, the Czech Republic, and Others. Constellium earns the majority of its revenue from Packaging and Automotive Rolled Products segment. Its customer base includes firms in packaging, aerospace, and automotive and several premium automotive original equipment manufacturers.