O-I Glass shares are trading lower after the company reported worse-than-expected Q1 sales results and cut FY24 adjusted EPS guidance.
Portfolio Pulse from Benzinga Newsdesk
O-I Glass shares dropped following the announcement of disappointing Q1 sales results and a reduction in the forecast for FY24 adjusted EPS.
April 30, 2024 | 8:32 pm
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NEGATIVE IMPACT
O-I Glass shares declined due to poor Q1 sales performance and lowered FY24 adjusted EPS outlook.
The negative impact on O-I Glass shares is directly related to the company's announcement of underperforming Q1 sales and a downward revision of its FY24 adjusted EPS guidance. This news is likely to shake investor confidence, leading to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100