Sonoco Prods Q2 2024 Adj. EPS $1.28 Beats $1.24 Estimate, Sales $1.623B Miss $1.689B Estimate
Portfolio Pulse from Benzinga Newsdesk
Sonoco Products (NYSE: SON) reported Q2 2024 adjusted EPS of $1.28, beating the estimate of $1.24. However, sales were $1.623 billion, missing the $1.689 billion estimate and showing a 4.81% decrease from last year.
July 31, 2024 | 8:38 pm
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Sonoco Products reported Q2 2024 adjusted EPS of $1.28, beating the estimate of $1.24. However, sales were $1.623 billion, missing the $1.689 billion estimate and showing a 4.81% decrease from last year.
The mixed results, with EPS beating but sales missing estimates, create a neutral short-term outlook. The EPS beat is positive, but the sales miss and YoY decline could offset this.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100