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Summary: - O-I Glass reported Q1 2024 EPS of 45 cents, down 65% YoY. - Revenues were $1.59 billion, missing estimates due to lower profit and higher expenses. - 2024 outlook lowered: adjusted earnings $1.50-$2.00 per share, sales volume flat. Price Impact Rating: Bearish Impact Horizon Rating: Long-term Type: Earnings
- Summary:
- O-I Glass reported Q1 2024 EPS of 45 cents, down 65% YoY.
- Revenues were $1.59 billion, missing estimates due to lower profit and higher expenses.
- 2024 outlook lowered: adjusted earnings $1.50-$2.00 per share, sales volume flat.
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