Sealed Air Q2 Adj EPS $0.80 Beats $0.68 Estimate, Sales $1.38B Miss $1.42B Estimate
Portfolio Pulse from Benzinga Newsdesk
Sealed Air (NYSE:SEE) reported Q2 adjusted earnings of $0.80 per share, beating the analyst consensus estimate of $0.68 by 17.65%. However, this is a 20.79% decrease from the same period last year. The company's quarterly sales of $1.38 billion missed the analyst consensus estimate of $1.42 billion by 2.54%, marking a 2.68% decrease from the same period last year.
August 08, 2023 | 11:14 am
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Sealed Air's Q2 earnings beat estimates but sales missed and are down YoY. This mixed result could lead to uncertainty in the market.
Sealed Air's earnings beat estimates, which is positive for the stock. However, the miss on sales and the YoY decrease could negatively impact the stock. The mixed results could lead to uncertainty in the market, making it difficult to predict the short-term price direction.
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