Recap: Crown Holdings Q4 Earnings
Portfolio Pulse from Benzinga Insights
Crown Holdings (NYSE:CCK) reported Q4 earnings with an EPS of $1.24, missing estimates by 13.29% against an expected $1.43. Revenue decreased by $154 million from the previous year. Despite missing EPS estimates last quarter, CCK's share price increased by 5.95% the following day. The company's past earnings performance shows a mixed trend of meeting and exceeding EPS estimates.
February 05, 2024 | 9:30 pm
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Crown Holdings reported a miss in Q4 earnings with an EPS of $1.24, missing the estimate by 13.29%, and a revenue decrease from the previous year.
Missing earnings estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The historical context of a share price increase following a miss last quarter adds complexity, but the consistent miss in earnings and revenue decline suggests a negative outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100