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Sealed Air Corp. Q4 Profit Increases, but misses estimates

Sealed Air Corp. (SEE) released earnings for its fourth quarter that increased from last year but missed the Street estimates.

The company's earnings totaled $180.9 million, or $1.20 per share. This compares with $142.2 million, or $0.91 per share, in last year's fourth quarter.

Excluding items, Sealed Air Corp. reported adjusted earnings of $167.9 million or $1.12 per share for the period.

Analysts on average had expected the company to earn $1.13 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.2% to $1.53 billion from $1.34 billion last year.

Sealed Air Corp. earnings at a glance (GAAP) :

-Earnings (Q4): $180.9 Mln. vs. $142.2 Mln. last year.
-EPS (Q4): $1.20 vs. $0.91 last year.
-Analyst Estimate: $1.13
-Revenue (Q4): $1.53 Bln vs. $1.34 Bln last year.

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