NORWALK, Conn. (AP) — NORWALK, Conn. (AP) — Silgan Holdings Inc. (SLGN) on Wednesday reported third-quarter net income of $113.3 million.
On a per-share basis, the Norwalk, Connecticut-based company said it had net income of $1.06. Earnings, adjusted for non-recurring costs, came to $1.22 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.
The packaging products supplier posted revenue of $2.01 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $1.93 billion.
For the current quarter ending in December, Silgan expects its per-share earnings to range from 62 cents to 72 cents.
The company expects full-year earnings in the range of $3.85 to $4.05 per share.
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