Silgan Hldgs Q2 Adj $0.88 Beats $0.86 Estimate, Sales $1.38B Miss $1.43B Estimate
Portfolio Pulse from Benzinga Newsdesk
Silgan Holdings (NYSE: SLGN) reported Q2 earnings of $0.88 per share, beating the analyst estimate of $0.86. However, sales were $1.38 billion, missing the $1.43 billion estimate.
July 31, 2024 | 10:56 am
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Silgan Holdings reported Q2 earnings of $0.88 per share, beating the analyst estimate of $0.86. However, sales were $1.38 billion, missing the $1.43 billion estimate. This mixed result may lead to short-term volatility in the stock price.
While the earnings per share beat expectations, the miss on sales figures and the year-over-year decline in sales may cause mixed reactions in the market. Investors may be concerned about the sales miss, leading to potential short-term volatility.
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