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Crown Holdings Inc. Q3 adjusted earnings Beat Estimates

(RTTNews) - Crown Holdings Inc. (CCK) reported a profit for its third quarter that increased from the same period last year.

The company's profit totaled $214 million, or $1.59 per share. This compares with $183 million, or $1.36 per share, in last year's third quarter.

Excluding items, Crown Holdings Inc. reported adjusted earnings of $264 million or $1.96 per share for the period.

Analysts had expected the company to earn $1.58 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.9% to $3.17 billion from $3.08 billion last year.

Crown Holdings Inc. earnings at a glance:

-Earnings (Q3): $264 Mln. vs. $210 Mln. last year. -EPS (Q3): $1.96 vs. $1.56 last year. -Analysts Estimate: $1.58 -Revenue (Q3): $3.17 Bln vs. $3.08 Bln last year.

-Guidance: Next quarter EPS guidance: $1.22 to $1.27 Full year EPS guidance: $5.65 to $5.70

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

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