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Owens Illinois Inc. Announces Gain In Q4 Profit

Owens Illinois Inc. (OI) reported a profit for its fourth quarter that increased compared to the same period last year.

The company said its bottom line rose to $91 million, or $0.55 per share. This was higher than $81 million, or $0.50 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.54 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.3% to $1.71 billion. This was up from $1.64 billion last year.

Owens Illinois Inc. earnings at a glance:

-Earnings (Q4): $91 Mln. vs. $81 Mln. last year.
-Earnings Growth (Y-o-Y): 12.3%
-EPS (Q4): $0.55 vs. $0.50 last year.
-EPS Growth (Y-o-Y): 10.0%
-Analysts Estimate: $0.54
-Revenue (Q4): $1.71 Bln vs. $1.64 Bln last year.
-Revenue Change (Y-o-Y): 4.3%

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