Berry Global: Fiscal 3Q Earnings Snapshot

August 3, 2018

EVANSVILLE, Ind. (AP) _ Berry Global Group Inc. (BERY) on Friday reported fiscal third-quarter net income of $110 million.

On a per-share basis, the Evansville, Indiana-based company said it had net income of 81 cents. Earnings, adjusted for non-recurring costs, were 96 cents per share.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.

The packaging company posted revenue of $2.07 billion in the period, exceeding Street forecasts. Five analysts surveyed by Zacks expected $2.05 billion.

Berry Global shares have fallen 18 percent since the beginning of the year. The stock has fallen 15 percent 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

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