CRYSTAL LAKE, Ill. (AP) — CRYSTAL LAKE, Ill. (AP) — AptarGroup Inc. (ATR) on Thursday reported third-quarter net income of $127.9 million.
The Crystal Lake, Illinois-based company said it had net income of $1.92 per share. Earnings, adjusted for one-time gains and costs, came to $1.62 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.57 per share.
The maker of consumer-product dispensing systems posted revenue of $961.1 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $952.5 million.
For the current quarter ending in December, AptarGroup expects its per-share earnings to range from $1.20 to $1.28.
AptarGroup shares have declined 21% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $124.36, a decline of 26% 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 ATR at https://www.zacks.com/ap/ATR
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