UPDATE: Tredegar Q2 Adj $(0.06) Down From $0.51 YoY, Sales $178.17M Down From $274.36M YoY
Portfolio Pulse from Benzinga Newsdesk
Tredegar (NYSE:TG) reported Q2 losses of $(0.06) per share, a 111.76% decrease from the same period last year. Sales also decreased by 35.06% to $178.17 million from $274.36 million YoY.
August 09, 2023 | 12:31 pm
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NEGATIVE IMPACT
Tredegar reported a significant decrease in Q2 earnings and sales compared to the same period last year.
Tredegar's Q2 earnings report shows a significant decrease in both earnings per share and sales compared to the same period last year. This could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100