Sealed Air Corp. Raises FY20 Sales, Earnings Guidance - Quick Facts

(RTTNews) - Sealed Air Corp. (SEE) said it now expects fiscal 2020 adjusted EPS to be approximately $3.05. This is compared to previous guidance of $2.85 to $2.95. Net sales are now projected to be approximately $4.85 billion, compared to previous sales guidance of $4.725 billion to $4.775 billion. Analysts polled by Thomson Reuters expect the company to report profit per share of $2.93 on revenue of $4.78 billion. Analysts' estimates typically exclude special items.

Third quarter adjusted earnings per share was $0.82 compared to $0.64, prior year. Net sales were $1.2 billion, up 2% as reported. Net sales rose 3% on a constant dollar basis.

Shares of Sealed Air Corp. were up 4% in pre-market trade on Wednesday.

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


More Related Articles

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