Silgan Hldgs Q4 Adj EPS $0.63 Beats $0.58 Estimate, Sales $1.34B Miss $1.39B Estimate
Portfolio Pulse from Benzinga Newsdesk
Silgan Holdings (SLGN) reported Q4 adjusted earnings per share of $0.63, surpassing the consensus estimate of $0.58. However, their quarterly sales of $1.34 billion fell short of the expected $1.39 billion, marking a 7.90% decrease from the same period last year.
January 31, 2024 | 11:56 am
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Silgan Holdings exceeded EPS estimates but missed revenue forecasts for Q4, with a notable year-over-year sales decline.
While the beat on EPS is positive, the miss on revenue estimates and the year-over-year decline in sales could concern investors. The mixed results may lead to neutral short-term stock price movement as the market digests both the positive and negative aspects of the report.
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