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Universal (NYSE:UVV) Announces Quarterly Earnings Results, Misses Estimates By $0.45 EPS
['Mitch Edgeman']
Markets Daily
The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.45), FiscalAI reports.
Universal Stock Down 1.4%NYSE:UVV traded down $0.73 during midday trading on Wednesday, reaching $52.03.
Get Our Latest Report on UVVInsider Transactions at UniversalIn other Universal news, Director Robert C. Sledd sold 2,845 shares of Universal stock in a transaction on Wednesday, June 3rd.
Neutral Sentiment: Universal announced a leadership transition plan for its Ingredients segment, with J. Patrick O’Keefe intending to retire; investors may look for details on the successor and turnaround strategy.
Negative Sentiment: Revenue fell 12% to $523.8 million, missing the $587.0 million consensus estimate.