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News  ›  The Motley Fool

Why Silgan Holdings Stock Dove by Nearly 14% on Wednesday

The Motley Fool Logo The Motley Fool By Eric Volkman
Why Silgan Holdings Stock Dove by Nearly 14% on Wednesday

Silgan Holdings reported Q3 net sales of $2.01 billion, exceeding analyst expectations, but lowered its full-year adjusted profit guidance from $3.85-$4.05 to $3.66-$3.76 per share, causing its stock to drop nearly 14%.

Insights
SLGN   negative

Stock dropped 14% due to reduced full-year profit guidance and increased debt expense projections, despite meeting quarterly sales expectations