Amcor: Q2 Earnings Insights

Amcor AMCR reported its Q2 earnings results on Tuesday, February 6, 2024 at 04:10 PM.

Here's what investors need to know about the announcement.

Amcor beat estimated earnings by 4.67%, reporting an EPS of $0.157 versus an estimate of $0.15.

Revenue was down $391.00 million from the same period last year.

Last quarter the company beat on EPS by $0.01 which was followed by a 2.02% drop in the share price the next day.

Here's a look at Amcor's past performance:

Quarter	Q1 2024	Q4 2023	Q3 2023	Q2 2023
EPS Estimate	0.150	0.180	0.180	0.17
EPS Actual	0.156	0.193	0.175	0.19
Revenue Estimate	3.35B	3.69B	3.66B	3.61B
Revenue Actual	3.44B	3.67B	3.67B	3.64B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Amcor management provided guidance for FY 2024, expecting earnings between $0.67 and $0.71 per share.

To track all earnings releases for Amcor visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.