Veritiv Q2 EPS $5.15 Beats $5.02 Estimate, Sales $1.46B Miss $1.62B Estimate
Portfolio Pulse from Benzinga Newsdesk
Veritiv (NYSE:VRTV) reported Q2 earnings of $5.15 per share, beating the analyst consensus estimate of $5.02 by 2.59%. However, this is a 15.85% decrease from the same period last year. The company's quarterly sales were $1.46 billion, missing the analyst consensus estimate of $1.62 billion by 10.06%, and marking a 19.99% decrease from the same period last year.
August 08, 2023 | 12:02 pm
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NEGATIVE IMPACT
Veritiv's Q2 earnings beat estimates but were down YoY. Sales missed estimates and were down YoY.
Despite beating earnings estimates, Veritiv's earnings and sales have decreased significantly YoY. This could negatively impact investor sentiment and the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100