Sealed Air Corp. Q1 adjusted earnings Beat Estimates

Sealed Air Corp. (SEE) revealed earnings for first quarter that decreased from the same period last year.

The company's bottom line came in at $110.1 million, or $0.71 per share. This compares with $126.6 million, or $0.82 per share, in last year's first quarter.

Excluding items, Sealed Air Corp. reported adjusted earnings of $121.8 million or $0.78 per share for the period.

Analysts had expected the company to earn $0.70 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.5% to $1.27 billion from $1.17 billion last year.

Sealed Air Corp. earnings at a glance:

-Earnings (Q1): $121.8 Mln. vs. $113.4 Mln. last year.
-EPS (Q1): $0.78 vs. $0.73 last year.
-Analysts Estimate: $0.70
-Revenue (Q1): $1.27 Bln vs. $1.17 Bln last year.

Full year EPS guidance: $3.40 - $3.55
Full year revenue guidance: $5.25 - $5.35 Bln

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