Crown Holdings Q2 Adj $1.81 Beats $1.58 Estimate, Sales $3.04B Miss $3.06B Estimate
Portfolio Pulse from Benzinga Newsdesk
Crown Holdings (NYSE:CCK) reported Q2 earnings of $1.81 per share, beating the analyst estimate of $1.58. However, sales of $3.04 billion missed the $3.06 billion estimate. Earnings increased by 7.74% year-over-year, while sales decreased by 2.22%.
July 22, 2024 | 8:17 pm
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Crown Holdings reported Q2 earnings of $1.81 per share, beating estimates by 14.56%, but sales of $3.04 billion missed estimates by 0.65%. Earnings increased by 7.74% year-over-year, while sales decreased by 2.22%.
The significant beat on earnings per share (EPS) is likely to have a positive impact on the stock price in the short term, despite the slight miss on sales. The year-over-year increase in earnings further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100