Shares of Karat Packaging, Inc. (KRT) have lost 8.5% since the company reported lower-than-expected second-quarter 2024 revenues and earnings per share (EPS) on Aug 8, 2024. The quarterly adjusted EPS of 49 cents missed the Zacks Consensus Estimate of 60 cents and declined 29% year over year. The downfall was due to unfavorable year-over-year pricing comparison, higher freight costs and an increase in operating expenses in the quarter. Including one-time items, EPS was 45 cents compared with the year-ago qu ...