Karat Packaging (NASDAQ:KRT) reported its Q1 earnings results on Wednesday, May 10, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Karat Packaging beat estimated earnings by 48.39%, reporting an EPS of $0.46 versus an estimate of $0.31.
Revenue was down $9.61 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.02 which was followed by a 4.12% drop in the share price the next day.
Here’s a look at Karat Packaging’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.32 | 0.33 | 0.37 | 0.27 |
| EPS Actual | 0.30 | 0.33 | 0.34 | 0.36 |
| Revenue Estimate | 96.12M | 119.07M | 117.51M | 101.43M |
| Revenue Actual | 92.67M | 110.00M | 114.88M | 105.41M |
To track all earnings releases for Karat Packaging visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
