Graphic Packaging Holding Q2 Adj $0.60 Beats $0.57 Estimate, Sales $2.24B Miss $2.26B Estimate
Portfolio Pulse from Benzinga Newsdesk
Graphic Packaging Holding (NYSE:GPK) reported Q2 earnings of $0.60 per share, beating the analyst estimate of $0.57. However, sales of $2.24 billion missed the $2.26 billion estimate. Both earnings and sales showed a decline compared to the same period last year.
July 30, 2024 | 10:31 am
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Graphic Packaging Holding reported Q2 earnings of $0.60 per share, beating the analyst estimate of $0.57. However, sales of $2.24 billion missed the $2.26 billion estimate. Both earnings and sales showed a decline compared to the same period last year.
While the earnings per share beat expectations, the miss on sales and the year-over-year decline in both earnings and sales could create mixed sentiment among investors. This may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100