Ball Q2 Adj EPS $0.61 Beats $0.60 Estimate, Sales $3.57B Miss $3.84B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ball Corporation (NYSE:BALL) reported Q2 adjusted earnings of $0.61 per share, beating the analyst consensus estimate of $0.60 by 1.67%. However, this is a 25.61% decrease from the same period last year. The company's quarterly sales were $3.57 billion, missing the analyst consensus estimate of $3.84 billion by 7.03%, and marking a 13.64% decrease from the same period last year.
August 04, 2023 | 12:43 pm
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Ball Corporation's Q2 earnings beat estimates but were significantly lower than the same period last year. Sales also missed estimates and were down YoY.
Ball Corporation's Q2 earnings beat estimates, which is positive. However, the YoY decrease in both earnings and sales, as well as the missed sales estimate, are negative indicators that could impact the company's stock price negatively in the short term.
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