2024-04-30 00:20:42 ET
Summary
- Crown Holdings' Q1 2024 financial results showed lower revenue and earnings per share, but adjusted earnings per share exceeded forecasts.
- The packaging industry is volatile, which has contributed to Crown Holdings' underperformance compared to the broader market.
- Despite the mixed results, Crown Holdings is trading at a slight discount and management expects solid bottom line growth for this year.
April 29th ended up being a rather interesting day for shareholders of metal packaging firm Crown Holdings ( CCK ). After the market closed, shares jumped about 3.3% in response to management announcing financial results covering the first quarter of the company's 2024 fiscal year. Although the firm failed to meet expectations when it came to revenue and earnings per share, adjusted earnings per share exceeded forecasts and management reaffirmed solid bottom line growth for this year relative to last year....
Read the full article on Seeking Alpha
For further details see:
Crown Holdings: A Volatile Prospect That's Worth Considering