Ball Q3 2024 Adj EPS $0.91 Beats $0.85 Estimate, Sales $3.08B Miss $3.13B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ball Corporation reported Q3 2024 earnings per share of $0.91, surpassing the analyst estimate of $0.85, marking a 9.64% increase from last year. However, sales of $3.08 billion fell short of the $3.13 billion estimate.
October 31, 2024 | 10:02 am
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Ball Corporation's Q3 2024 earnings per share exceeded expectations, but sales fell short. The EPS of $0.91 beat the $0.85 estimate, while sales of $3.08 billion missed the $3.13 billion forecast.
The positive earnings surprise is offset by the sales miss, leading to a neutral short-term impact on the stock price. Investors may focus on the earnings beat, but the sales miss could temper enthusiasm.
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IMPORTANCE 80
RELEVANCE 100