NORWALK, Conn. (AP) — NORWALK, Conn. (AP) — Silgan Holdings Inc. (SLGN) on Wednesday reported second-quarter profit of $75.8 million.
On a per-share basis, the Norwalk, Connecticut-based company said it had profit of 72 cents. Earnings, adjusted for non-recurring costs, came to 98 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share.
The packaging products supplier posted revenue of $1.64 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $1.62 billion.
For the current quarter ending in September, Silgan expects its per-share earnings to range from $1.21 to $1.31.
The company expects full-year earnings in the range of $3.73 to $3.93 per share.
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