Amcor Q3 Sales $3.41B Miss $3.50B Estimate
Portfolio Pulse from Benzinga Newsdesk
Amcor (NYSE:AMCR) reported Q3 sales of $3.41 billion, missing the analyst consensus estimate of $3.50 billion by 2.54% and marking a 6.98% decrease from the same period last year.
April 30, 2024 | 8:17 pm
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NEGATIVE IMPACT
Amcor's Q3 sales of $3.41 billion missed estimates by 2.54% and decreased 6.98% from last year.
Missing sales estimates and reporting a year-over-year decrease in sales are negative indicators that can lead to a decrease in investor confidence and potentially lower stock prices in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100