WestRock Q3 Adj EPS $0.89 Beats $0.49 Estimate, Sales $5.12B Miss $5.24B Estimate
Portfolio Pulse from Benzinga Newsdesk
WestRock (NYSE:WRK) reported Q3 adjusted earnings of $0.89 per share, beating the analyst consensus estimate of $0.49 by 81.63%. However, this is a 42.21% decrease from the same period last year. The company's quarterly sales were $5.12 billion, missing the analyst consensus estimate of $5.24 billion by 2.27%, and marking a 7.23% decrease from the same period last year.
August 04, 2023 | 12:47 pm
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WestRock's Q3 earnings exceeded estimates but sales fell short and decreased YoY. This mixed performance may lead to uncertainty in the market.
WestRock's earnings beat estimates, which is a positive signal. However, the company's sales not only missed estimates but also decreased compared to the same period last year. This mixed performance could lead to uncertainty among investors, potentially impacting the stock's short-term price.
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