Berry Global Gr Q1 Adj. EPS $1.22 Misses $1.29 Estimate, Sales $2.85B Miss $2.99B Estimate
Portfolio Pulse from Benzinga Newsdesk
Berry Global Group (NYSE:BERY) reported Q1 adjusted EPS of $1.22, missing the $1.29 estimate, and sales of $2.85B, missing the $2.99B estimate. This represents a decrease in both earnings and sales compared to the same period last year.
February 07, 2024 | 12:18 pm
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Berry Global Group reported lower than expected Q1 earnings and sales, with adjusted EPS at $1.22 missing the $1.29 estimate and sales at $2.85B missing the $2.99B estimate.
Missing both earnings and sales estimates can negatively impact investor sentiment and stock price in the short term. The reported decreases compared to the previous year further emphasize the underperformance.
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IMPORTANCE 90
RELEVANCE 100