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Berry Global: Fiscal 3Q Earnings Snapshot

July 30, 2019

EVANSVILLE, Ind. (AP) _ Berry Global Group Inc. (BERY) on Tuesday reported fiscal third-quarter earnings of $13 million.

On a per-share basis, the Evansville, Indiana-based company said it had profit of 10 cents. Earnings, adjusted for one-time gains and costs, were 90 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1 per share.

The packaging company posted revenue of $1.94 billion in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $2 billion.

Berry Global shares have increased 16% since the beginning of the year. The stock has risen 14% 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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