PERRYSBURG, Ohio (AP) — PERRYSBURG, Ohio (AP) — O-I Glass, Inc. (OI) on Tuesday reported a loss of $73 million in its first quarter.
On a per-share basis, the Perrysburg, Ohio-based company said it had a loss of 48 cents. Earnings, adjusted for non-recurring costs, were 5 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The glass container manufacturer posted revenue of $1.54 billion in the period.
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