Shares of Ardagh Metal Packaging S.A. (NYSE: AMBP) plummeted 5.12% on October 25, 2024, after the company reported disappointing third-quarter 2024 financial results that missed analyst expectations.

For the third quarter, AMBP posted revenue of $1.31 billion, up 1.5% year-over-year but missing estimates by 2.2%. The company's earnings per share (EPS) of $0.02 also fell short of analyst expectations, missing by a significant 44%.

While AMBP's net income increased 64% year-over-year to $18 million, and its profit margin improved to 1.4% from 0.9% in the prior-year quarter, investors were seemingly underwhelmed by the overall results, sending the stock tumbling.

Looking ahead, AMBP's revenue is forecast to grow at an average annual rate of 3.6% over the next three years, lagging behind the 5.4% growth forecast for the broader U.S. packaging industry. Additionally, the company's shares were already down 5.6% in the week leading up to the Q3 report.