Bemis Company, Inc. (BMS) reported net income attributable to Bemis of $35.84 million or $0.33 per share for the third quarter, compared with $44.26 million or $0.43 per share for the same quarter of 2008. Excluding the effect of acquisition related charges and financing, and a gain on sale of an asset, diluted earnings per share would have been $0.48 for the third quarter of 2009.
On average, 10 analysts polled by Thomson Reuters expected the company to report earnings of $0.39 per share. Analysts' estimates typically exclude special items.
Net sales declined to $898.93 million from $984.26 million in the prior year quarter. Seven analysts estimated revenues of $908.99 million.
Moving ahead, management expects fourth quarter 2009 diluted earnings per share to be in a range of $0.40 to $0.45 per share.
Analysts expect the company to earn $0.34 per share, on revenues of $869.06 million.
Management is also revising its guidance upward for the full year 2009 from $1.68 to $1.75 per share to $1.81 to $1.86 per share, reflecting the improved operating performance for the total year 2009.
Analysts expect the company to earn $1.65 per share, on revenues of $3.49 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.