Candorium Free Members
Join Candorium to access the full article and more
Free Member Benefits:
Berry Global: Fiscal Q4 Earnings Snapshot
EVANSVILLE, Ind. (AP) — EVANSVILLE, Ind. (AP) — Berry Global Group Inc. (BERY) on Tuesday reported fiscal fourth-quarter profit of $148 million.
The Evansville, Indiana-based company said it had net income of $1.26 per share. Earnings, adjusted for non-recurring costs and amortization costs, were $2.27 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.25 per share.
The packaging company posted revenue of $3.17 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $3.15 billion.
For the year, the company reported profit of $516 million, or $4.38 per share. Revenue was reported as $12.26 billion.
Berry Global expects full-year earnings in the range of $6.10 to $6.60 per share.
Berry Global shares have fallen 0.5% since the beginning of the year. The stock has climbed 5.5% 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
