Amcor Q3 Adj $0.178 Beats $0.16 Estimate, Sales $3.41B Miss $3.50B Estimate
Portfolio Pulse from Benzinga Newsdesk
Amcor reported its Q3 adjusted earnings at $0.178 per share, surpassing the estimated $0.16, while its sales of $3.41 billion fell short of the expected $3.50 billion.
April 30, 2024 | 8:23 pm
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Amcor's Q3 earnings exceeded expectations at $0.178 per share against an estimate of $0.16, but sales of $3.41 billion missed the $3.50 billion forecast.
The mixed results with earnings beating estimates but sales missing expectations could lead to a neutral short-term impact on Amcor's stock price. Investors might react positively to the earnings beat, but the sales miss could temper any significant stock price movement.
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