Nip Impressions logo
Thu, Nov 21, 2024 05:03
Visitor
Home
Click here for Pulp & Paper Radio International
Subscription Central
Must reads for pulp and paper industry professionals
Search
My Profile
Login
Logout
Management Side
Sealed Air Corp. Q3 Profit Increases, Beats Estimates

Sealed Air Corp. (SEE) announced a profit for its third quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $91.7 million, or $0.63 per share. This compares with $56.6 million, or $0.39 per share, in last year's third quarter.

Excluding items, Sealed Air Corp. reported adjusted earnings of $115.7 million or $0.79 per share for the period.

Analysts on average had expected the company to earn $0.67 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.6% to $1.345 billion from $1.381 billion last year.

Sealed Air Corp. earnings at a glance (GAAP) :

-Earnings (Q3): $91.7 Mln. vs. $56.6 Mln. last year. -EPS (Q3): $0.63 vs. $0.39 last year. -Revenue (Q3): $1.345 Bln vs. $1.381 Bln last year.

-Guidance: Full year EPS guidance: $3.00 to $3.10 Full year revenue guidance: $5.375 to $5.425 Bln

Ensure up to 50,000 Pulp and Paper professionals see your company as they search this directory.


Printer-friendly format

 





Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: