CRYSTAL LAKE, Ill. (AP) — CRYSTAL LAKE, Ill. (AP) — AptarGroup Inc. (ATR) on Thursday reported fourth-quarter earnings of $74.3 million.
The Crystal Lake, Illinois-based company said it had net income of $1.13 per share. Earnings, adjusted for non-recurring costs and restructuring costs, were $1.25 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.
The maker of consumer-product dispensing systems posted revenue of $962.7 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $889.9 million.
For the year, the company reported profit of $392.8 million, or $5.89 per share. Revenue was reported as $3.78 billion.
For the current quarter ending in March, AptarGroup expects its per-share earnings to range from $1.13 to $1.21.
AptarGroup shares have increased roughly 2% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $123.98, a fall of 22% 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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