Recap: Glatfelter Q1 Earnings
Portfolio Pulse from Benzinga Insights
Glatfelter (NYSE:GLT) reported a 20.83% decline in Q1 earnings per share to $0.19, beating estimates. Revenue decreased by 2.54% to $225.67 million, also surpassing expectations. The company has not provided earnings or revenue guidance.
May 04, 2021 | 11:45 am
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Glatfelter's Q1 earnings per share fell 20.83% to $0.19, beating estimates, while revenue decreased by 2.54% to $225.67 million, also surpassing expectations. The stock fell 4.4% in pre-market trading.
Despite beating earnings and revenue estimates, Glatfelter's stock fell 4.4% in pre-market trading, likely due to the year-over-year decline in both metrics and lack of guidance, indicating potential investor concern.
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