O-I Glass Q3 2024 Adj. EPS $(0.04) Misses $0.04 Estimate, Sales $1.700 Miss $1.761B Estimate
Portfolio Pulse from Benzinga Newsdesk
O-I Glass reported a Q3 2024 adjusted EPS of $(0.04), missing the analyst estimate of $0.04. Sales were $1.700 billion, below the expected $1.761 billion, and a decrease from $1.740 billion last year.
October 29, 2024 | 8:23 pm
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O-I Glass reported a significant earnings miss for Q3 2024, with an adjusted EPS of $(0.04) against an expected $0.04. Sales also fell short at $1.700 billion compared to the $1.761 billion estimate.
The significant miss on both EPS and sales estimates is likely to negatively impact O-I Glass's stock price in the short term. The 200% miss on EPS and the sales shortfall indicate potential operational or market challenges.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100