Sylvamo Q1 2024 Adj EPS $1.07 Beats $1.02 Estimate, Sales $905.000M Beat $864.380M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sylvamo (NYSE:SLVM) reported Q1 2024 earnings of $1.07 per share, surpassing the $1.02 estimate, and sales of $905M, also beating the $864.38M estimate. However, this represents a 57.37% decrease in earnings and a 5.63% decrease in sales from the same period last year.

May 10, 2024 | 11:12 am
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Sylvamo's Q1 2024 earnings and sales exceeded expectations, but showed significant declines from the previous year.
While Sylvamo's earnings and sales for Q1 2024 surpassed analyst expectations, the significant year-over-year declines in both earnings (57.37%) and sales (5.63%) could temper investor enthusiasm. The beat on estimates may provide short-term positive sentiment, but the substantial decrease compared to the previous year's performance could raise concerns about the company's growth trajectory and profitability, leading to a neutral short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100