Karat Packaging Q2 2024 Adj. EPS $0.49 Misses $0.59 Estimate, Sales $112.600M Miss $113.897M Estimate
Portfolio Pulse from Benzinga Newsdesk
Karat Packaging (NASDAQ:KRT) reported Q2 2024 earnings per share of $0.49, missing the analyst consensus estimate of $0.59 by 16.95%. The company also reported quarterly sales of $112.6 million, which missed the estimate of $113.897 million by 1.14%. Despite the misses, sales increased by 3.55% compared to the same period last year.
August 08, 2024 | 9:03 pm
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Karat Packaging (NASDAQ:KRT) reported Q2 2024 earnings per share of $0.49, missing the analyst consensus estimate of $0.59 by 16.95%. The company also reported quarterly sales of $112.6 million, which missed the estimate of $113.897 million by 1.14%. Despite the misses, sales increased by 3.55% compared to the same period last year.
Karat Packaging's earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. However, the year-over-year sales increase of 3.55% may provide some support.
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