O-I Glass Q3 EPS $0.80 Beats $0.70 Estimate, Sales $1.74B Miss $1.76B Estimate
Portfolio Pulse from Benzinga Newsdesk
O-I Glass (NYSE:OI) reported Q3 earnings of $0.80 per share, beating the analyst consensus estimate of $0.70 by 14.29%. However, the company's quarterly sales of $1.74 billion missed the analyst consensus estimate of $1.76 billion by 1.14%. The earnings represent a 26.98% increase from the same period last year, while the sales represent a 2.78% increase.
October 31, 2023 | 8:22 pm
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NEUTRAL IMPACT
O-I Glass reported better than expected Q3 earnings but missed on sales. This mixed report may lead to uncertain short-term price movement.
O-I Glass's earnings beat and sales miss may lead to mixed investor sentiment, causing uncertain short-term price movement. The earnings beat indicates strong operational performance, while the sales miss may raise concerns about revenue growth.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100