Tredegar Q1 Adj $(0.16) Down From $0.07 YoY, Sales $114.22M Down From $191.12M YoY
Portfolio Pulse from Benzinga Newsdesk
Tredegar reported a significant decrease in Q1 earnings and sales YoY, with a loss of $(0.16) per share compared to a gain of $0.07 per share last year, and sales dropping to $114.22M from $191.12M.
May 09, 2024 | 12:03 pm
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NEGATIVE IMPACT
Tredegar's Q1 earnings report shows a significant decline in both earnings per share and sales compared to the previous year.
The reported loss of $(0.16) per share compared to a gain of $0.07 per share last year, along with a 40.24% decrease in sales, indicates a significant downturn in Tredegar's financial health. This is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100