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. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool