Why Post Holdings Stock Jumped After-Hours
Portfolio Pulse from Ryan Gustafson
Post Holdings, Inc. (NYSE:POST) shares rose in after-hours trading following the release of its Q1 earnings, which exceeded expectations. Earnings per share were $1.69, surpassing the forecast of $1.10. Revenue reached $1.97 billion, beating the $1.92 billion estimate. Adjusted EBITDA increased by 33.2% to $359.5 million. The company also raised its full-year 2024 adjusted EBITDA outlook.
February 01, 2024 | 10:57 pm
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Post Holdings reported strong Q1 earnings, with EPS and revenue exceeding estimates, and raised its 2024 EBITDA outlook, leading to a rise in after-hours trading.
The positive earnings report and raised EBITDA outlook for 2024 indicate strong financial health and growth prospects for Post Holdings, likely leading to increased investor confidence and a short-term positive impact on the stock price.
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