CCK

Crown Holdings Inc. Q2 adjusted earnings Beat Estimates

(RTTNews) - Crown Holdings Inc. (CCK) reported earnings for second quarter that dropped from last year.

The company's bottom line totaled $126 million, or $0.94 per share. This compares with $137 million, or $1.02 per share, in last year's second quarter.

Excluding items, Crown Holdings Inc. reported adjusted earnings of $178 million or $1.33 per share for the period.

Analysts had expected the company to earn $1.30 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 10.7% to $2.16 billion from $2.42 billion last year.

Crown Holdings Inc. earnings at a glance:

-Earnings (Q2): $178 Mln. vs. $197 Mln. last year. -EPS (Q2): $1.33 vs. $1.46 last year. -Analysts Estimate: $1.30 -Revenue (Q2): $2.16 Bln vs. $2.42 Bln last year.

-Guidance: Next quarter EPS guidance: $1.50 to $1.60 Full year EPS guidance: $5.10 to $5.25

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.