Recap: Graphic Packaging Holding Q4 Earnings
Portfolio Pulse from Benzinga Insights
Graphic Packaging Holding (NYSE:GPK) reported Q4 earnings, beating estimates with an EPS of $0.75 against the expected $0.7, a 7.14% beat. However, revenue decreased by $137 million from the previous year. In the last quarter, GPK also surpassed EPS estimates, which led to a slight 0.05% increase in share price the following day.
February 20, 2024 | 9:30 pm
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Graphic Packaging Holding reported a 7.14% earnings beat for Q4 with an EPS of $0.75, but saw a revenue decrease of $137 million from the previous year.
The positive earnings beat by 7.14% is likely to have a favorable impact on GPK's stock price in the short term, similar to the last quarter's performance where a smaller EPS beat resulted in a slight stock price increase. However, the significant drop in revenue could temper investor enthusiasm, making the overall short-term impact positive but with caution.
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