Graphic Packaging Holding Q4 2023 Adj EPS $0.75 Beats $0.70 Estimate, Sales $2.25B Miss $2.40B Estimate
Portfolio Pulse from Benzinga Newsdesk
Graphic Packaging Holding (GPK) reported Q4 2023 adjusted EPS of $0.75, surpassing the $0.70 estimate. However, its sales of $2.25B fell short of the $2.40B estimate, marking a 5.74% decrease from the previous year.
February 20, 2024 | 9:29 pm
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Graphic Packaging Holding reported a mixed Q4 2023 with earnings beating estimates but sales missing expectations and showing a year-over-year decline.
The mixed results with an earnings beat but a miss on sales and a year-over-year decline in revenue could lead to uncertain short-term stock price movement. Investors might react positively to the earnings beat, but concerns over the sales miss and declining revenue could temper gains.
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