Crown: Q3 Earnings Snapshot
By AP News
Published - Oct 17, 2024, 04:34 PM ET
Last Updated - Dec 16, 2024, 06:13 PM EST
TAMPA, Fla. (AP) — TAMPA, Fla. (AP) — Crown Holdings Inc. (CCK) on Thursday reported a third-quarter loss of $175 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Tampa, Florida-based company said it had a loss of $1.47. Earnings, adjusted for one-time gains and costs, were $1.99 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.81 per share.
The packaging company posted revenue of $3.07 billion in the period, meeting Street forecasts.
