Crown Holdings Q3 EPS $1.73, Inline, Sales $3.07B Miss $3.24B Estimate
Portfolio Pulse from Benzinga Newsdesk
Crown Holdings (NYSE:CCK) reported Q3 earnings of $1.73 per share, in line with analyst consensus. This is an 18.49% increase YoY. However, the company's quarterly sales of $3.07 billion missed the analyst consensus estimate of $3.24 billion by 5.28%, marking a 5.83% decrease YoY.
October 23, 2023 | 8:08 pm
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NEUTRAL IMPACT
Crown Holdings' Q3 earnings met expectations but sales missed estimates, indicating mixed performance.
Crown Holdings' earnings were in line with expectations, which is positive. However, the company's sales missed estimates, which is negative. These two factors could balance each other out, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100