Berry Global: Fiscal 3Q Earnings Snapshot
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.