Amcor plc Q1 adjusted earnings Beat Estimates

Amcor plc (AMCR) announced earnings for its first quarter that increased from the same period last year.

The company's profit came in at $198 million, or $0.126 per share. This compares with $66 million, or $0.041 per share, in last year's first quarter.

Excluding items, Amcor plc reported adjusted earnings of $247 million or $0.158 per share for the period.

Analysts had expected the company to earn $0.15 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.3% to $3.10 billion from $3.14 billion last year.

Amcor plc earnings at a glance:

-Earnings (Q1): $247 Mln. vs. $218 Mln. last year.
-EPS (Q1): $0.158 vs. $0.134 last year.
-Analysts Estimate: $0.15
-Revenue (Q1): $3.10 Bln vs. $3.14 Bln last year.

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