Berry Global: Fiscal Q3 Earnings Snapshot

Berry Global: Fiscal Q3 Earnings Snapshot

Summary :

The Evansville, Indiana-based company said it had net income of $1.58 per share. Earnings, adjusted for non-recurring costs, came to $2.03 per share. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.96 per share.

Berry Global expects full-year earnings to be $7.40 per share.

EVANSVILLE, Ind. (AP) _ Berry Global Group Inc. (BERY) on Wednesday reported fiscal third-quarter net income of $207 million.

The Evansville, Indiana-based company said it had net income of $1.58 per share. Earnings, adjusted for non-recurring costs, came to $2.03 per share.The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.96 per share.The packaging company posted revenue of $3.73 billion in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $3.82 billion.

Berry Global expects full-year earnings to be $7.40 per share.

Berry Global shares have fallen 26% since the beginning of the year. The stock has fallen 15% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BERY at https://www.zacks.com/ap/BERY

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