Amcor Q2 EPS $0.307 Beats $0.15 Estimate, Sales $3.64B Beat $3.41B Estimate
Portfolio Pulse from Benzinga Newsdesk
Amcor (NYSE:AMCR) reported Q2 earnings of $0.31 per share, surpassing the $0.15 estimate by 104.67%, and a 61.58% increase from last year's $0.19. Sales reached $3.64B, beating the $3.41B estimate by 6.80%, and matching last year's figures.
February 06, 2024 | 9:14 pm
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POSITIVE IMPACT
Amcor reported a significant beat on both earnings per share and sales estimates for Q2, with earnings per share more than doubling the analyst consensus and sales exceeding expectations.
The substantial beat on both earnings per share and sales estimates for Q2 indicates strong financial performance and operational efficiency. This is likely to instill investor confidence and could lead to a positive short-term impact on Amcor's stock price, as the market reacts to the better-than-expected results.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100