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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