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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.