(RTTNews) - 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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
