O-I Glass Q2 EPS $0.88 Beats $0.83 Estimate, Sales $1.90B Beat $1.83B Estimate
Portfolio Pulse from Benzinga Newsdesk
O-I Glass (NYSE:OI) reported Q2 earnings of $0.88 per share, beating the analyst consensus estimate of $0.83 by 6.02%. This is a 20.55% increase from the same period last year. The company also reported quarterly sales of $1.90 billion, beating the analyst consensus estimate of $1.83 billion by 4.00%, a 6.86% increase from the same period last year.
August 04, 2023 | 10:23 am
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O-I Glass reported better than expected Q2 earnings and sales, which could positively impact its stock price in the short term.
O-I Glass reported Q2 earnings and sales that beat analyst estimates, which is typically a positive signal for the stock. Investors may react positively to the news, potentially driving the stock price up in the short term.
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