Karat Packaging Q3 Adj EPS $0.47 Beats $0.44 Estimate, Sales $105.53M Miss $106.36M Estimate
Portfolio Pulse from Benzinga Newsdesk
Karat Packaging (NASDAQ:KRT) reported Q3 earnings of $0.47 per share, beating the analyst consensus estimate of $0.44 by 6.82%. However, the company's quarterly sales of $105.53 million missed the analyst consensus estimate of $106.36 million by 0.78%. This represents a 42.42% increase in earnings and a 4.06% decrease in sales compared to the same period last year.
November 09, 2023 | 10:21 pm
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NEUTRAL IMPACT
Karat Packaging's Q3 earnings beat estimates but sales missed, which could lead to mixed market reactions.
Karat Packaging's earnings beat could boost investor confidence, but the sales miss might offset this positive sentiment. The net impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100