Graphic Packaging Holding Q1 2024 Adj EPS $0.66 Beats $0.63 Estimate, Sales $2.259B Miss $2.380B Estimate
Portfolio Pulse from Benzinga Newsdesk
Graphic Packaging Holding (GPK) reported Q1 2024 adjusted EPS of $0.66, surpassing the $0.63 estimate, but its sales of $2.259B fell short of the $2.380B estimate, marking a 7.34% decrease from the previous year.
April 30, 2024 | 10:32 am
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Graphic Packaging Holding reported a mixed Q1 2024 with earnings exceeding expectations but sales missing forecasts and showing a year-over-year decline.
The positive impact of beating EPS estimates may be offset by the negative sentiment from missing sales forecasts and the year-over-year decline in sales. This mixed result could lead to neutral short-term price movement as investors weigh the better-than-expected earnings against the sales miss and decline.
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IMPORTANCE 90
RELEVANCE 100