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Crown Holdings Inc. Q2 adjusted earnings Miss Estimates

Crown Holdings Inc. (CCK) announced a profit for its second quarter that increased from last year.

The company's profit came in at $137 million, or $1.02 per share. This compares with $132 million, or $0.99 per share, in last year's second quarter.

Excluding items, Crown Holdings Inc. reported adjusted earnings of $197 million or $1.46 per share for the period.

Analysts had expected the company to earn $1.47 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.3% to $3.04 billion from $3.05 billion last year.

Crown Holdings Inc. earnings at a glance:

-Earnings (Q2): $197 Mln. vs. $207 Mln. last year.
-EPS (Q2): $1.46 vs. $1.55 last year.
-Analysts Estimate: $1.47
-Revenue (Q2): $3.04 Bln vs. $3.05 Bln last year.

-Guidance:
Next quarter EPS guidance: $1.50 - $1.60
Full year EPS guidance: $5.05 - $5.20

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