Stock Track | AMBP Shares Plunge on Disappointing Q3 Results, Missed Expectations

Stock Track

Oct 26, 2024

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1147239150"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1147239150\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1147239150?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-26 04:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1147239150","market":"hk","top_or_hot":-1,"title":"Stock Track | AMBP Shares Plunge on Disappointing Q3 Results, Missed Expectations","media":"Stock Track","content":"<p>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.</p>\n\n<p>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%.</p>\n\n<p>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.</p>\n\n<p>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.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | AMBP Shares Plunge on Disappointing Q3 Results, Missed Expectations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | AMBP Shares Plunge on Disappointing Q3 Results, Missed Expectations\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-10-26 04:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>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.</p>\n\n<p>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%.</p>\n\n<p>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.</p>\n\n<p>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.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMBP","symbol_name":"Ardagh Metal Packaging S.A.","start_time":0,"source_url":"","article_id":"1147239150","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1147239150","pubTimestamp":1729886425,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Ardagh Metal Packaging S.A.  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  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 m","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMBP":"Ardagh Metal Packaging S.A."},"translate_title":"股票追踪AMBP股价因第三季度业绩令人失望、未达预期而暴跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMBP":1},"content_text":"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.\nFor 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%.\nWhile 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.\nLooking 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.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}