Pactiv Evergreen Reports Third Quarter 2024 Financial Results
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Pactiv Evergreen reported its third quarter 2024 financial results, showing a 3% decrease in net revenues compared to the same period in 2023. The company also reported a net loss of $213 million from continuing operations, a significant decline from the net income of $28 million in the third quarter of 2023.
November 12, 2024 | 11:30 am
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Pactiv Evergreen's Q3 2024 financial results show a 3% decrease in net revenues and a significant net loss of $213 million, compared to a net income of $28 million in Q3 2023.
The significant decline in net income to a net loss of $213 million, along with a 3% decrease in revenues, indicates potential financial challenges for Pactiv Evergreen. This is likely to negatively impact investor sentiment and the stock price in the short term.
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