Ardagh Metal Packaging Q2 Adj EPS $0.04 Misses $0.05 Estimate, Sales $1.25B Miss $1.32B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ardagh Metal Packaging (NYSE:AMBP) reported Q2 earnings of $0.04 per share, missing the analyst consensus estimate of $0.05 by 20%. This is a 63.64% decrease from the same period last year. The company also reported quarterly sales of $1.25 billion, missing the analyst consensus estimate of $1.32 billion by 4.92%. This is a 3.68% decrease from the same period last year.
July 27, 2023 | 11:04 am
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NEGATIVE IMPACT
Ardagh Metal Packaging's Q2 earnings and sales missed estimates, with a significant YoY decrease. This could negatively impact the stock price in the short term.
Ardagh Metal Packaging's earnings and sales for Q2 have both missed estimates, and have decreased significantly compared to the same period last year. This could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100