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Crown Holdings Inc. Q1 adjusted earnings Beat Estimates

Crown Holdings Inc. (CCK) reported a profit for first quarter that dropped from the same period last year.

The company's profit totaled $88 million, or $0.65 per share. This compares with $103 million, or $0.77 per share, in last year's first quarter.

Excluding items, Crown Holdings Inc. reported adjusted earnings of $153 million or $1.13 per share for the period.

Analysts had expected the company to earn $0.92 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Revenue held steady at $2.76 billion

Crown Holdings Inc. earnings at a glance:

-Earnings (Q1): $153 Mln. vs. $141 Mln. last year.
-EPS (Q1): $1.13 vs. $1.05 last year.
-Analysts Estimate: $0.92
-Revenue (Q1): $2.76 Bln vs. $2.76 Bln last year.

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