Sealed Air Corp. (SEE) reported that its third-quarter net income available to shareholders increased to $60.6 million or $0.34 per share from $9.2 million or $0.05 per share last year.
Adjusted earnings per share increased to $0.38 from $0.28 last year.
On average, 11 analysts polled by Thomson Reuters expected the company to report profit of $0.33 per share for the quarter. Analysts' estimates typically exclude special items.
Total net sales decreased to $1.08 billion from $1.22 billion prior year. Analysts expected revenue of $1.08 billion for the quarter.
The company now expects its full year 2009 earnings per share to be in the range of $1.27-$1.35 as compared to previous guidance of $1.17-$1.37. Excluding items, full year 2009 earnings per share guidance is expected to be in the range of $1.37-$1.45 as compared to previous guidance of $1.25-$1.45.
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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.