Stora Enso Q2 EPS $0.07 Up From $(0.29) YoY, Sales $2.48B Down From $2.59B YoY
Portfolio Pulse from Benzinga Newsdesk
Stora Enso (OTC:SEOAY) reported Q2 earnings per share of $0.07, a significant improvement from a loss of $(0.29) per share YoY. However, sales decreased by 4.25% to $2.48 billion from $2.59 billion YoY.
July 24, 2024 | 5:59 am
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Stora Enso reported a significant improvement in Q2 EPS to $0.07 from a loss of $(0.29) YoY, but sales declined by 4.25% to $2.48 billion. This mixed result may lead to short-term volatility in the stock price.
The significant improvement in EPS is a positive sign, but the decline in sales could offset some of the optimism. Investors may react with caution, leading to potential short-term volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100