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Sealed Air Corp. Q2 adjusted earnings Beat Estimates

Sealed Air Corp. (SEE) reported earnings for its second quarter that increased from the same period last year.

The company's earnings totaled $114.4 million, or $0.71 per share. This compares with $104.1 million, or $0.52 per share, in last year's second quarter.

Excluding items, Sealed Air Corp. reported adjusted earnings of $102.4 million or $0.64 per share for the period.

Analysts had expected the company to earn $0.58 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.4% to $1.16 billion from $1.07 billion last year.

Sealed Air Corp. earnings at a glance:

-Earnings (Q2): $102.4 Mln. vs. $68.5 Mln. last year.
-EPS (Q2): $0.64 vs. $0.34 last year.
-Analysts Estimate: $0.58
-Revenue (Q2): $1.16 Bln vs. $1.07 Bln last year.

-Guidance:
Full year EPS guidance: $2.45 to $2.55
Full year revenue guidance: $4.75 Bln

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