Crown Holdings Q2 EPS $1.68 Beats $1.64 Estimate, Sales $3.11B Miss $3.45B Estimate
Portfolio Pulse from Benzinga Newsdesk
Crown Holdings (NYSE:CCK) reported Q2 earnings of $1.68 per share, beating the analyst consensus estimate of $1.64 by 2.44%. However, this is a 20% decrease from the same period last year. The company's quarterly sales were $3.11 billion, missing the analyst consensus estimate of $3.45 billion by 9.88%, and marking an 11.42% decrease from the same period last year.
July 24, 2023 | 8:20 pm
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Crown Holdings' Q2 earnings beat estimates but are down 20% YoY. Sales missed estimates and are down 11.42% YoY.
Crown Holdings' earnings beat estimates, which is positive. However, the YoY decrease in both earnings and sales, as well as the missed sales estimates, are negative indicators that could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100