Berry Global Gr Q3 2024 Adj. EPS $2.18 Beats $2.06 Estimate, Sales $3.161B Miss $3.255B Estimate
Portfolio Pulse from Benzinga Newsdesk
Berry Global Group (NYSE: BERY) reported Q3 2024 adjusted EPS of $2.18, beating the estimate of $2.06. However, sales of $3.161 billion missed the $3.255 billion estimate. EPS increased by 14.74% year-over-year, while sales decreased by 2.11%.
August 02, 2024 | 11:01 am
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Berry Global Group reported Q3 2024 adjusted EPS of $2.18, beating the estimate of $2.06. However, sales of $3.161 billion missed the $3.255 billion estimate. EPS increased by 14.74% year-over-year, while sales decreased by 2.11%.
The positive EPS surprise and significant year-over-year growth in earnings are likely to have a positive short-term impact on the stock price. However, the miss on sales and the year-over-year decline in revenue may temper the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100