Reynolds Consumer Prods Q2 2024 Adj. EPS $0.46 Beats $0.44 Estimate, Sales $930.000M Beat $891.117M Estimate
Portfolio Pulse from Benzinga Newsdesk
Reynolds Consumer Products (NASDAQ:REYN) reported Q2 2024 adjusted EPS of $0.46, beating the $0.44 estimate. Sales were $930 million, surpassing the $891.117 million estimate. EPS increased by 43.75% year-over-year, while sales decreased by 1.06% from the same period last year.
August 07, 2024 | 11:01 am
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Reynolds Consumer Products (NASDAQ:REYN) reported Q2 2024 adjusted EPS of $0.46, beating the $0.44 estimate. Sales were $930 million, surpassing the $891.117 million estimate. EPS increased by 43.75% year-over-year, while sales decreased by 1.06% from the same period last year.
The positive earnings surprise and the significant year-over-year increase in EPS are likely to boost investor confidence in the short term, despite the slight year-over-year decline in sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100