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Berry Global: Fiscal Q3 Earnings Snapshot
By AP News - Aug 02, 2024, 08:01 AM ET
Last Updated - Aug 02, 2024, 08:01 AM EDT
EVANSVILLE, Ind. (AP) — EVANSVILLE, Ind. (AP) — Berry Global Group Inc. (BERY) on Friday reported fiscal third-quarter net income of $193 million.
The Evansville, Indiana-based company said it had profit of $1.65 per share. Earnings, adjusted for one-time gains and costs, came to $2.18 per share.
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The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.03 per share.
The packaging company posted revenue of $3.16 billion in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $3.21 billion.
Berry Global expects full-year earnings to be $7.60 per share.
Berry Global shares have declined almost 3% since the beginning of the year. The stock has climbed slightly more than 1% in the last 12 months.
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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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