Crown Holdings Q4 2023 Adj EPS $1.24 Misses $1.43 Estimate
Portfolio Pulse from Benzinga Newsdesk
Crown Holdings (NYSE:CCK) reported Q4 2023 adjusted EPS of $1.24, missing the $1.43 estimate, and quarterly sales of $2.86 billion, below the $2.96 billion estimate. This represents a 5.11% decrease in sales compared to the same period last year.
February 05, 2024 | 9:16 pm
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NEGATIVE IMPACT
Crown Holdings reported lower than expected Q4 2023 earnings and sales, missing analyst estimates.
Missing both earnings and sales estimates, especially with a significant year-over-year sales decrease, is likely to negatively impact investor sentiment and could lead to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100