AptarGroup Q4 2023 Adj EPS $1.21 Beats $1.12 Estimate, Sales $838.48M Miss $842.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
AptarGroup (NYSE:ATR) reported Q4 2023 adjusted EPS of $1.21, surpassing the $1.12 estimate, but its sales of $838.48M fell short of the $842.50M estimate. This represents a 5.35% increase in sales compared to the same period last year.
February 08, 2024 | 10:04 pm
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AptarGroup reported a Q4 2023 adjusted EPS of $1.21, beating estimates, but sales of $838.48M missed forecasts. Sales increased 5.35% YOY.
AptarGroup's mixed Q4 results, with an earnings beat but a slight miss on sales, could lead to a neutral short-term impact on its stock price. The earnings beat is positive, but the sales miss, albeit slight, may temper investor enthusiasm. The year-over-year sales growth is a positive indicator, suggesting underlying business strength.
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