O-I Glass shares are trading lower after the company reported worse-than-expected Q3 financial results and issued FY24 adjusted EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
O-I Glass shares declined following the release of disappointing Q3 financial results and a lower-than-expected FY24 adjusted EPS guidance.
October 29, 2024 | 8:25 pm
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O-I Glass reported Q3 financial results that were below expectations and provided FY24 adjusted EPS guidance that was also lower than estimates, leading to a decline in share price.
The company's Q3 financial performance did not meet market expectations, and the forward guidance for FY24 adjusted EPS was below estimates. This negative news is likely to impact investor sentiment and result in a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100