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Sonoco Products Q1 adjusted earnings Beat Estimates

Sonoco Products (SON) reported a profit for its first quarter that climbed from last year.

The company's profit came in at $74.06 million, or $0.73 per share. This compares with $53.73 million, or $0.53 per share, in last year's first quarter.

Excluding items, Sonoco Products reported adjusted earnings of $74.64 million or $0.74 per share for the period.

Analysts had expected the company to earn $0.72 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.1% to $1.30 billion from $1.17 billion last year.

Sonoco Products earnings at a glance:

-Earnings (Q1): $74.64 Mln. vs. $59.88 Mln. last year.
-EPS (Q1): $0.74 vs. $0.59 last year.
-Analysts Estimate: $0.72
-Revenue (Q1): $1.30 Bln vs. $1.17 Bln last year.

Next quarter EPS guidance: $0.83 to $0.89
Full year EPS guidance: $3.22 to $3.32

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