Why Smurfit Westrock Stock Was Sliding This Week
Smurfit Westrock's (NYSE: SW) equity looked like it was headed for a double-digit percentage plunge this week. The global packaging company released a set of quarterly earnings that wasn't greeted warmly by either investors or analysts. Mostly because of this, its share price was down by more than 16% week to date as of Friday before market open.
Wednesday morning, Smurfit published its third-quarter numbers. These showed that the company's net sales were slightly over $8 billion for the frame, which was 4% higher year over year. They were also good enough to top the average analyst estimate of $7.89 billion.
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Source Fool.com
