O-I Glass Q4 Adj EPS $0.12 Beats $0.03 Estimate, Sales $1.64B Beat $1.63B Estimate
Portfolio Pulse from mahesh@benzinga.com
O-I Glass (NYSE:OI) reported Q4 adjusted EPS of $0.12, surpassing the $0.03 estimate, and sales of $1.64B, exceeding the $1.63B estimate. This represents a 68.42% decrease in earnings and a 3.07% decrease in sales from the same period last year.
February 06, 2024 | 10:04 pm
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O-I Glass reported a significant beat on Q4 adjusted EPS and sales, with EPS at $0.12 vs. a $0.03 estimate and sales of $1.64B vs. a $1.63B estimate. However, both earnings and sales saw declines from the previous year.
The significant beat on both EPS and sales estimates is likely to have a positive short-term impact on O-I Glass's stock price. However, the year-over-year decline in both metrics may temper investor enthusiasm, suggesting a cautious optimism.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100