Clearwater Paper Q4 2023 GAAP EPS $1.04, Sales $512.80M Beat $497.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Clearwater Paper (NYSE:CLW) reported Q4 2023 earnings of $1.04 per share with sales of $512.80M, surpassing the $497.00M estimate. This represents a 2.64% decrease in sales compared to the same period last year.
February 20, 2024 | 9:32 pm
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POSITIVE IMPACT
Clearwater Paper reported higher than expected Q4 2023 earnings and sales, indicating a positive performance despite a slight year-over-year sales decline.
Beating earnings and sales estimates typically has a positive impact on a company's stock price in the short term. Despite the year-over-year decrease in sales, the fact that Clearwater Paper exceeded analysts' expectations could lead to positive investor sentiment and potentially boost the stock price.
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