AptarGroup Inc. Q3 Profit Increases, beats estimates

AptarGroup Inc. (ATR) revealed a profit for its third quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $54.2 million, or $0.81 per share. This compares with $47.3 million, or $0.70 per share, in last year's third quarter.

Excluding items, AptarGroup Inc. reported adjusted earnings of $0.95 per share for the period.

Analysts on average had expected the company to earn $0.94 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.4% to $836.9 million from $825.4 million last year.

AptarGroup Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $54.2 Mln. vs. $47.3 Mln. last year.
-EPS (Q3): $0.81 vs. $0.70 last year.
-Analyst Estimate: $0.94
-Revenue (Q3): $836.9 Mln vs. $825.4 Mln last year.

Full year EPS guidance: $0.73 - $0.83

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