Ranpak Q3 Revenue Rises 2.3% to $101.9 Million, Missing Estimates

Ranpak Holdings Corp. increased third-quarter revenue 2.3% from a year earlier to $101.9 million, but revenue and GAAP earnings per share both fell short of estimates. Revenue was $6.95 million below estimates. The 2.3% increase compares the quarter with the same period a year earlier, while the shortfall measures revenue against estimates for the quarter. Ranpak posted a GAAP loss of $0.08 per share, missing estimates by $0.01. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost