Sealed Air Corp. Q3 adjusted earnings Beat Estimates

Sealed Air Corp. (SEE) revealed a profit for third quarter that decreased from last year.

The company's earnings totaled $107.7 million, or $0.71 per share. This compares with $134.0 million, or $0.86 per share, in last year's third quarter.

Excluding items, Sealed Air Corp. reported adjusted earnings of $129.9 million or $0.86 per share for the period.

Analysts had expected the company to earn $0.82 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.7% to $1.41 billion from $1.24 billion last year.

Sealed Air Corp. earnings at a glance:

-Earnings (Q3): $129.9 Mln. vs. $127.1 Mln. last year.
-EPS (Q3): $0.86 vs. $0.82 last year.
-Analysts Estimate: $0.82
-Revenue (Q3): $1.41 Bln vs. $1.24 Bln last year.

Full year EPS guidance: $3.50 to $3.60
Full year revenue guidance: $5.5 Bln

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