Glatfelter Q1 Adj $(0.33) Down From $(0.13) YoY, Sales $327.26M Down From $378.21M YoY
Portfolio Pulse from Benzinga Newsdesk
Glatfelter reported a significant decrease in its Q1 earnings, with losses widening to $(0.33) per share from $(0.13) YoY, and sales dropping to $327.26M from $378.21M YoY.
May 09, 2024 | 10:48 am
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Glatfelter's Q1 report shows a significant decline in performance, with a 153.85% increase in losses per share and a 13.47% decrease in sales YoY.
The reported increase in losses and decrease in sales YoY are significant indicators of Glatfelter's underperformance this quarter. Such a sharp decline in both key financial metrics is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100