Berry Global Gr Q4 Adj. EPS $2.28 Beats $2.11 Estimate, Sales $3.09B Miss $3.15B Estimate
Portfolio Pulse from Benzinga Newsdesk
Berry Global Group, Inc. (NYSE:BERY) reported Q4 adjusted EPS of $2.28, surpassing the $2.11 estimate, marking an 8.06% beat and a 4.11% increase from last year's $2.19. However, sales of $3.09B fell short of the $3.15B estimate by 2.00%, and saw a 9.76% decline from $3.42B in the same period last year.
November 16, 2023 | 12:14 pm
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NEUTRAL IMPACT
Berry Global's Q4 adjusted EPS beat estimates and increased YOY, but sales missed estimates and decreased YOY.
The EPS beat may have a positive impact on investor sentiment, but the sales miss and YOY decline could raise concerns about growth, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100