Darling Ingredients Q1 2024 GAAP EPS $0.50 Beats $0.46 Estimate, Sales $1.420B Miss $1.484B Estimate
Portfolio Pulse from Benzinga Newsdesk
Darling Ingredients (NYSE:DAR) reported Q1 2024 earnings of $0.50 per share, surpassing the $0.46 estimate, but saw a 56.14% decrease from last year's $1.14. Sales reached $1.420B, missing the $1.484B estimate and marking a 20.71% decline from the previous year's $1.791B.
April 25, 2024 | 11:51 am
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Darling Ingredients reported a mixed Q1 2024 with earnings beating estimates but sales missing expectations and both earnings and sales seeing significant declines from the previous year.
While the earnings beat might provide a short-term positive sentiment, the significant year-over-year declines in both earnings and sales could raise concerns about the company's growth trajectory and operational efficiency, potentially offsetting the positive impact of the earnings beat.
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