Why Crown Holdings' Stock Dropped 21.2% on Tuesday
Crown Holdings(CCK) The Motley Fool·2024-02-07 04:46
Shares of packaging company Crown Holdings (CCK -13.35%) fell as much as 21.2% in trading on Tuesday after the company reported fourth-quarter 2023 financial results. Shares were still down 12.9% at 3:15 p.m. ET. Declining revenue hits Crown hard Revenue for the quarter was 3.01 billion a year ago, including positive impact from foreign currency of 145 million. Income from operations increased from 259 ...