Clearwater Paper Q2 Adj EPS $1.74 Beats $1.18 Estimate, Sales $524.60M Beat $513.00M Estimate
Portfolio Pulse from bharat@benzinga.com
Clearwater Paper (NYSE:CLW) reported Q2 earnings of $1.74 per share, beating the analyst consensus estimate of $1.18 by 47.46%. This is a 56.76% increase from the same period last year. The company also reported quarterly sales of $524.60 million, beating the analyst consensus estimate of $513.00 million by 2.26%, but a 0.34% decrease from the same period last year.
August 04, 2023 | 10:31 am
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Clearwater Paper's Q2 earnings and sales beat analyst estimates, which could positively impact the stock price in the short term.
Clearwater Paper's Q2 earnings and sales exceeded analyst estimates, which is generally seen as a positive signal by investors and could lead to an increase in the stock price. However, the slight decrease in sales compared to the same period last year might temper this positive impact.
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