Silgan Holdings Q2 Adj EPS $0.83 Misses $0.89 Estimate, Sales $1.43B Miss $1.55B Estimate
Portfolio Pulse from Benzinga Newsdesk
Silgan Holdings (NASDAQ:SLGN) reported Q2 adjusted earnings of $0.83 per share, missing the analyst consensus estimate of $0.89 by 6.74%. This is a 23.15% decrease from the same period last year. The company also reported quarterly sales of $1.43 billion, missing the analyst consensus estimate of $1.55 billion by 7.74%, a 7.38% decrease from the same period last year.
July 26, 2023 | 10:56 am
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Silgan Holdings reported lower than expected Q2 earnings and sales, which could negatively impact its stock price in the short term.
Silgan Holdings reported a decrease in both earnings and sales compared to the same period last year, and also missed analyst estimates. This could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100