Berry Global: Fiscal 1Q Earnings Snapshot
EVANSVILLE, Ind. (AP) _ Berry Global Group Inc. (BERY) on Friday reported fiscal first-quarter net income of $88 million.
The Evansville, Indiana-based company said it had net income of 66 cents per share. Earnings, adjusted for one-time gains and costs, were 77 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.
The packaging company posted revenue of $1.97 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $1.93 billion.
Berry Global shares have increased nearly 4 percent since the beginning of the year. The stock has decreased 17 percent in the last 12 months.