Karat Packaging Q1 2024 Adj EPS $0.40 Misses $0.45 Estimate, Sales $95.613M Miss $99.817M Estimate
Portfolio Pulse from Benzinga Newsdesk
Karat Packaging (NASDAQ:KRT) reported Q1 2024 earnings of $0.40 per share, missing the consensus estimate of $0.45, and sales of $95.613M, below the expected $99.817M. This represents a decrease in both earnings and sales compared to the same period last year.
May 09, 2024 | 9:31 pm
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Karat Packaging reported lower than expected Q1 2024 earnings and sales, missing analyst estimates.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100