Greif Inc. (GEF) PT Raised to $66 at BofA/Merrill Lynch
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Greif (GEF) Misses Q2 Class A EPS by 9c, Slight Miss on Revenues; Boosts FY18 Guidance
June 6, 2018 4:20 PM EDTGreif (NYSE: GEF) reported Q2 EPS of $0.76, $0.09 worse than the analyst estimate of $0.85. Revenue for the quarter came in at $968.3 million versus the consensus estimate of $970.72 million.
Second Quarter Highlights include (all results compared to the second quarter of 2017 unless otherwise noted):
Net sales increased by $80.9 million to $968.3 million.Gross profit increased by $13.4 million to $195.3 million, despite being adversely impacted by an increase in transportation costs of $7.0... More