Stora Enso Q1 2024 Adj EPS $0.10 Beats $0.06 Estimate, Sales $2.350B Beat $2.244B Estimate
Portfolio Pulse from Benzinga Newsdesk
Stora Enso (OTC:SEOAY) reported Q1 2024 earnings of $0.10 per share, surpassing the $0.06 estimate, a 60.8% decrease from last year's $0.25. Sales reached $2.350B, beating the $2.244B estimate but down 19.52% from the previous year's $2.920B.
April 25, 2024 | 6:25 am
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Stora Enso reported a significant beat on Q1 2024 earnings and sales estimates, with EPS at $0.10 against a $0.06 estimate and sales of $2.350B against a $2.244B estimate.
Beating both earnings and sales estimates significantly, especially in a challenging economic environment, is likely to be viewed positively by investors. The year-over-year decrease in earnings and sales might temper some of the enthusiasm, but the exceedance of expectations could lead to short-term positive sentiment in the stock.
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