TAMPA, Fla. (AP) — TAMPA, Fla. (AP) — Crown Holdings Inc. (CCK) on Monday reported third-quarter net income of $159 million.
The Tampa, Florida-based company said it had net income of $1.33 per share. Earnings, adjusted for one-time gains and costs, were $1.73 per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share.
The packaging company posted revenue of $3.07 billion in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $3.28 billion.
For the current quarter ending in December, Crown expects its per-share earnings to range from $1.40 to $1.50.
The company expects full-year earnings in the range of $6 to $6.10 per share.
Crown shares have decreased slightly more than 6% since the beginning of the year. In the final minutes of trading on Monday, shares hit $77.02, a decrease of 8% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CCK at https://www.zacks.com/ap/CCK
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