Amcor Non-GAAP EPS of $0.37 beats by $0.01, revenue of $7.35B beats by $10M

• Amcor press release (NYSE:AMCR): 1H Non-GAAP EPS of $0.37 beats by $0.01.
• Revenue of $7.35B (+6% Y/Y)  beats by $10M.
• Fiscal 2023 outlook: Maintaining adjusted EPS and Free Cash Flow ranges at 77-81 cps and $1-1.1 billion, respectively.

Comments

[Pinguino Investments]

Amcor beat on revenue and earnings expectations, maintained its guidance, and raised its dividend.

So why is the stock down over five percent today? There must be something Seeking Alpha isn't telling us.

[Alltime High]

The Amcor Board of Directors today declared a quarterly cash dividend of 12.25 cents per share (compared with 12.00 cents per share in the same quarter last year). The dividend will be paid in US dollars to holders of Amcor's ordinary shares trading on the NYSE. Holders of CDIs trading on the ASX will receive an unfranked dividend of 17.30 Australian cents per share, which reflects the quarterly dividend of 12.25 cents per share converted at an AUD:USD average exchange rate of 0.7082 over the five trading days ended February 3, 2023.