Reynolds Consumer Prods Q4 2023 Adj EPS $0.65 Beats $0.62 Estimate, Sales $1.01B Inline
Portfolio Pulse from Benzinga Newsdesk
Reynolds Consumer Products (REYN) reported Q4 2023 adjusted EPS of $0.65, surpassing the $0.62 estimate, marking a 22.64% increase from the previous year. However, their quarterly sales of $1.01 billion, though in line with estimates, fell by 7.53% from the previous year.
February 07, 2024 | 12:04 pm
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Reynolds Consumer Products reported a higher-than-expected Q4 2023 EPS of $0.65, a 22.64% increase YOY, but saw a 7.53% decrease in sales.
The positive earnings surprise and year-over-year growth in EPS are likely to be viewed favorably by investors, potentially leading to a short-term uptick in REYN's stock price. However, the decline in sales, despite being in line with expectations, could temper some of the positive sentiment.
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IMPORTANCE 90
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