Reynolds Consumer Products Inc. (REYN) reported earnings for third quarter that Decreased from last year but beat the Street estimates.
The company's bottom line came in at $79 million, or $0.38 per share. This compares with $86 million, or $0.41 per share, last year.
Excluding items, Reynolds Consumer Products Inc. reported adjusted earnings of $88 million or $0.42 per share for the period.
Analysts on average had expected the company to earn $0.39 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 4.4% to $931 million from $892 million last year.
Reynolds Consumer Products Inc. earnings at a glance (GAAP) :
-Earnings: $79 Mln. vs. $86 Mln. last year.-EPS: $0.38 vs. $0.41 last year.-Revenue: $931 Mln vs. $892 Mln last year.
-Guidance:Next quarter EPS guidance: $0.56 to $0.60Full year EPS guidance: $1.60 to $1.64
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