Karat Packaging Q2 EPS $0.69 Up From $0.34 YoY, Sales $109.74M Beat $109.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Karat Packaging (NASDAQ:KRT) reported Q2 earnings of $0.69 per share, a 102.94% increase YoY. The company's quarterly sales were $109.74 million, beating the analyst consensus estimate of $109.20 million by 0.49%, but marking a 4.48% decrease from the same period last year.
August 09, 2023 | 8:14 pm
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Karat Packaging's Q2 earnings beat estimates and increased YoY, but sales decreased compared to the same period last year.
Karat Packaging's Q2 earnings beat estimates and increased significantly YoY, which is positive for the stock. However, the decrease in sales compared to the same period last year could be a concern for investors.
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