Sealed Air Shines In Q2 On Strength In Food Business, Shares Move Higher
Portfolio Pulse from Nabaparna Bhattacharya
Sealed Air Corporation (NYSE:SEE) reported strong Q2 results, with adjusted EPS of 83 cents beating estimates of 64 cents and revenues of $1.345 billion surpassing the $1.307 billion consensus. Despite a 3% revenue decrease, the company saw a rise in adjusted EBITDA due to lower operating costs and higher volumes. Shares rose by 6.11% following the announcement.
August 08, 2024 | 4:42 pm
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Sealed Air Corporation reported strong Q2 results, beating both EPS and revenue estimates. The company's shares rose by 6.11% following the announcement.
The strong Q2 results, with both EPS and revenue beating estimates, indicate positive financial performance. The rise in adjusted EBITDA and the company's optimistic outlook further support the positive sentiment, leading to a 6.11% increase in share price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100