Ball Corporation Q4 Profit Decreases, misses estimates

Ball Corporation (BALL) released earnings for fourth quarter that decreased from the same period last year and missed the Street estimates.

The company's bottom line came in at $55 million, or $0.17 per share. This compares with $297 million, or $0.90 per share, in last year's fourth quarter.

Excluding items, Ball Corporation reported adjusted earnings of $138 million or $0.44 per share for the period.

Analysts on average had expected the company to earn $0.55 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.4% to $3.548 billion from $3.674 billion last year.

Ball Corporation earnings at a glance (GAAP) :

-Earnings (Q4): $55 Mln. vs. $297 Mln. last year.
-EPS (Q4): $0.17 vs. $0.90 last year.
-Analyst Estimates: $0.55
-Revenue (Q4): $3.548 Bln vs. $3.674 Bln last year.

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