Amcor Q1 Adj EPS $0.155 Beats $0.15 Estimate, Sales $3.44B Beat $3.35B Estimate
Portfolio Pulse from Benzinga Newsdesk
Amcor (NYSE:AMCR) reported Q1 earnings of $0.16 per share, beating the analyst consensus estimate of $0.15 by 4%. However, this is a 13.33% decrease from the same period last year. The company also reported quarterly sales of $3.44 billion, beating the estimate of $3.35 billion by 2.78%, but this is a 7.25% decrease from the same period last year.
October 31, 2023 | 8:33 pm
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Amcor's Q1 earnings and sales beat estimates but are lower than the same period last year. This mixed result could lead to uncertain market reactions.
While Amcor beat estimates for both earnings and sales, the fact that these figures are lower than the same period last year could lead to mixed reactions from investors. This could result in an uncertain short-term impact on the stock price.
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