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Bemis Q1 Adj. EPS Tops View, But Revenue Misses

Bemis Co., Inc. (BMS), a supplier of flexible and rigid plastic packaging, reported Monday that its first-quarter net income increased to $60.4 million or $0.66 per share from to $47.6 million or $0.52 per share last year.

Adjusted earnings per share were $0.67, compared to $0.63 last year. On average, 11 analysts polled by Thomson Reuters expected earnings of $0.65 per share. Analysts' estimates typically exclude special items.

Net sales for the quarter edged down to $1.00 billion from prior year's $1.03 billion. Analysts expected $1.01 billion.

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