IPAR - Edgewell Personal Care Company Stock Up On Strong Earnings And Increased Guidance

2024-05-09 15:20:10 ET

Summary

• Edgewell Personal Care Company shares rose 3.2% after the release of their Q2 2024 financial results, which beat earnings estimates.
• Revenue fell slightly short of expectations, but the company raised guidance figures for the year.
• Despite underperforming the market, the company's strong financial results and attractive valuation make it a buy.

May 8th ended up being a pretty solid day for shareholders of Edgewell Personal Care Company ( EPC ). Throughout the day, shares rose, ultimately closing up about 3.2%. This move higher came in response to management reporting financial results covering the second quarter of the company's 2024 fiscal year. Even though revenue fell short, ever so slightly, of analysts’ expectations , earnings per share and adjusted earnings per share beat estimates. In addition to this, management raised some key guidance figures for the year as a whole....

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