Graphic Packaging Holding shares are trading lower after the company reported worse-than-expected Q3 financial results and cut its FY24 adjusted EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Graphic Packaging Holding shares declined after the company reported disappointing Q3 financial results and reduced its FY24 adjusted EPS guidance below estimates.
October 29, 2024 | 5:06 pm
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NEGATIVE IMPACT
Graphic Packaging Holding's shares are trading lower due to worse-than-expected Q3 financial results and a reduction in FY24 adjusted EPS guidance.
The company's Q3 financial results were below expectations, which typically leads to a negative market reaction. Additionally, the cut in FY24 EPS guidance suggests potential challenges ahead, further contributing to the negative sentiment.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100