Why Ball Corporation (BALL) Went Down on Tuesday

We recently compiled a list of the 10 Firms Fall Amid Disappointing Earnings Performance. In this article, we are going to take a look at where Ball Corporation (NYSE:BALL) stands against the other stocks.

Wall Street’s main indices all finished in the green territory on Tuesday, buoyed by news that the US is set to temporarily delay taxes levied on select goods from Canada and Mexico to make way for a potential negotiation.

The Dow Jones inched up by 0.30 percent, while the S&P 500 and Nasdaq both jumped 0.72 percent and 1.35 percent, respectively.

Meanwhile, 10 companies bucked an overall positive market sentiment, leading declines mostly due to disappointing earnings performance in the past quarter. This article details the reasons behind their poor performance.

To come up with Tuesday’s biggest losers, we only considered the companies with $2 billion in market capitalization and $5 million in daily trading volume.

A high-speed robotic arm carefully packing aluminum cans into a cardboard carton.

Ball Corporation (NYSE:BALL)

Aluminum manufacturing company Ball Corporation (NYSE:BALL)’s share prices dropped 6.9 percent on Tuesday to end at $51.84 apiece after missing revenue expectations for the fourth quarter of 2024.

In its latest earnings release, Ball Corp. said attributable net income in full year 2024 settled at $4.01 billion versus the $707 million registered in 2023.

In the fourth quarter alone, the company swung to a net loss of $32 million versus a $154 million net income in the same period a year earlier.

Revenues for the quarter also came in lower at $2.88 billion versus the $2.95 billion registered year-on-year.

For this year, Ball Corp. said it expects to book a 10-percent growth in comparable diluted earnings per share growth.

In addition, it is looking to enter into a strategic partnership for its aluminum cups business this year after failing to achieve “the level we initially expected.” The strategic partnership is expected to result in the deconsolidation of the business.

Overall BALL ranks 7th on our list of Tuesday’s biggest losers. While we acknowledge the potential of BALL as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than BALL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

Disclosure: None. This article is originally published at Insider Monkey.