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Amcor Analysts Increase Their Forecasts After Q4 Results

Amcor plc (NYSE:AMCR) reported mixed results for the fourth quarter on Thursday. The company reported quarterly earnings of 21 cents per share which beat the analyst consensus estimate of 20 cents per share. The company reported quarterly sales of $3.54 billion which missed the analyst consensus estimate of $3.64 billion. Amcor Interim CEO Peter Konieczny said, "Amcor finished fiscal 2024 strongly, as the underlying business delivered another sequential improvement in volume and earnings growth, with fourth quarter adjusted EPS up 9%, ahead of the expectations we set out in April.  Volumes returned to year on year growth in the quarter as customer demand improved ...