Ball Q4 EPS Adj. $0.78 Beats $0.74 Estimate, Sales $3.40B Miss $3.58B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ball Corporation (NYSE:BALL) reported Q4 adjusted EPS of $0.78, surpassing the $0.74 estimate, marking a 77.27% increase from last year. However, their Q4 sales of $3.40B fell short of the $3.58B estimate, a 4.09% decrease from the previous year.
February 01, 2024 | 11:02 am
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Ball Corporation reported a mixed Q4 with earnings surpassing estimates but sales missing expectations.
The positive earnings beat could provide some upward momentum for BALL's stock price due to the significant year-over-year earnings growth. However, the miss on sales estimates and the year-over-year decrease in sales could temper investor enthusiasm, leading to a neutral short-term impact on the stock price.
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