PADUA, Italy (AP) — PADUA, Italy (AP) — Stevanato Group SpA (STVN) on Tuesday reported second-quarter profit of $22.2 million.
On a per-share basis, the Padua, Italy-based company said it had profit of 9 cents. Earnings, adjusted for non-recurring costs and restructuring costs, came to 10 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 10 cents per share.
The maker of glass vials for COVID-19 vaccines posted revenue of $279.4 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $275.5 million.
Stevanato expects full-year earnings in the range of 52 cents to 54 cents per share, with revenue in the range of $1.17 billion to $1.19 billion.
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