PADUA, Italy (AP) — PADUA, Italy (AP) — Stevanato Group SpA (STVN) on Thursday reported first-quarter profit of $27.9 million.
On a per-share basis, the Padua, Italy-based company said it had profit of 11 cents.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.
The maker of glass vials for COVID-19 vaccines posted revenue of $269.9 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $269.3 million.
Stevanato expects full-year earnings in the range of 53 cents to 57 cents per share, with revenue in the range of $1.22 billion to $1.25 billion.
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