WestRock Q2 2024 Adj EPS $0.39 Beats $0.23 Estimate, Sales $4.727B Miss $4.750B Estimate
Portfolio Pulse from Benzinga Newsdesk
WestRock (NYSE:WRK) reported Q2 2024 adjusted EPS of $0.39, surpassing the $0.23 estimate, but its sales of $4.727B fell short of the $4.750B forecast, marking a 10.45% decrease from the previous year.
May 02, 2024 | 10:31 am
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WestRock reported a Q2 2024 adjusted EPS of $0.39, beating estimates, but sales of $4.727B missed expectations and showed a 10.45% year-over-year decline.
The mixed results with an earnings beat but a slight miss in sales and a significant year-over-year decline in revenue could lead to neutral market sentiment. The earnings beat may offset concerns about the sales miss and revenue decline, leading to a potentially stable short-term stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100