Chart Industries falls on downbeat Q3 results, forecast cut

Chart Industries

27/10/2023 17:00

** Shares of engineered equipment manufacturer Chart
Industries  GTLS.N  fall 21% to $116
    ** Stock set for biggest one-day percentage fall since July
2022 
    ** GTLS reports Q3 sales of $897.9 mln, missing estimates of
$1.04 bln - LSEG data 
    ** Q3 adj. earnings per share of $1.28 fall short of
analysts' estimate of $1.61
    ** Co also lowers 2023 revenue forecast to the range of
$3.45 bln to $3.50 bln from prior forecast of $3.66 bln to $3.80
bln; says forecast revised to adjust for divestitures of few
units
    ** Shares up 2.3% YTD    

 (Reporting by Vedant Vinayak Vichare in Bengaluru)
 ((vedant.vinayakvichare@thomsonreuters.com))