Sylvamo Q1 2024 Adj EPS $1.07 Beats $1.02 Estimate, Sales $905M Beat $864.380M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sylvamo reported Q1 2024 adjusted EPS of $1.07, surpassing the $1.02 estimate, with sales of $905M exceeding the $864.380M forecast. This represents a 5.63% decrease in sales compared to the same period last year.
May 10, 2024 | 11:08 am
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Sylvamo's Q1 2024 earnings and sales beat estimates but showed a year-over-year sales decline.
Beating both EPS and sales estimates typically has a positive short-term impact on a company's stock price. However, the year-over-year decline in sales might temper investor enthusiasm slightly, suggesting a nuanced but overall positive short-term outlook.
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