Sealed Air Q1 Adj $0.78 Beats $0.54 Estimate, Sales $1.33B Beat $1.28B Estimate
Portfolio Pulse from Benzinga Newsdesk
Sealed Air (NYSE:SEE) reported Q1 earnings of $0.78 per share, surpassing the $0.54 estimate, a 44.44% beat, and a 5.41% increase from last year. Q1 sales were $1.33B, exceeding the $1.28B estimate by 3.83%, despite a 1.48% decrease from the previous year.
May 02, 2024 | 11:05 am
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Sealed Air's Q1 earnings and sales beat estimates, with earnings per share at $0.78, surpassing the $0.54 estimate, and sales reaching $1.33B, above the $1.28B forecast.
The significant beat on both earnings per share and sales estimates indicates strong operational performance and efficiency, likely leading to positive investor sentiment and potential short-term stock price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100