O-I Glass Q2 2024 GAAP EPS $0.44, Inline, Sales $1.700B Miss $1.784B Estimate
Portfolio Pulse from Benzinga Newsdesk
O-I Glass (NYSE:OI) reported Q2 2024 GAAP EPS of $0.44, meeting analyst expectations. However, the company missed sales estimates, reporting $1.700 billion in revenue, a 4.73% shortfall from the $1.784 billion expected and a 10.05% decrease from the same period last year.
July 30, 2024 | 8:24 pm
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O-I Glass reported Q2 2024 GAAP EPS of $0.44, meeting analyst expectations. However, the company missed sales estimates, reporting $1.700 billion in revenue, a 4.73% shortfall from the $1.784 billion expected and a 10.05% decrease from the same period last year.
While O-I Glass met EPS expectations, the significant miss on sales estimates and the year-over-year decline in revenue are likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100