EVANSVILLE, Ind. (AP) — EVANSVILLE, Ind. (AP) — Berry Global Group Inc. (BERY) on Thursday reported fiscal second-quarter earnings of $116 million.
The Evansville, Indiana-based company said it had profit of 98 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.95 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.90 per share.
The packaging company posted revenue of $3.08 billion in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $3.12 billion.
Berry Global expects full-year earnings in the range of $7.35 to $7.85 per share.
Berry Global shares have fallen 9% since the beginning of the year. The stock has increased slightly more than 4% 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 BERY at https://www.zacks.com/ap/BERY
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