Berry Global: Fiscal 4Q Earnings Snapshot
EVANSVILLE, Ind. (AP) _ Berry Global Group Inc. (BERY) on Thursday reported fiscal fourth-quarter net income of $133 million.
On a per-share basis, the Evansville, Indiana-based company said it had net income of 99 cents. Earnings, adjusted for one-time gains and costs, were 90 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.
The packaging company posted revenue of $2.05 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $2.01 billion.
For the year, the company reported profit of $496 million, or $3.67 per share. Revenue was reported as $7.87 billion.
Berry Global shares have declined 22 percent since the beginning of the year. The stock has fallen 22 percent in the last 12 months.