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Sealed Air Corp. Q3 Profit Increases, Beats Estimates

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News

Sealed Air Corp. (SEE) revealed earnings for its third quarter that Increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $255.1 million, or $1.73 per share. This compares with $91.7 million, or $0.63 per share, last year.

Excluding items, Sealed Air Corp. reported adjusted earnings of $128.3 million or $0.87 per share for the period.

Analysts on average had expected the company to earn $0.70 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 0.4% to $1.351 billion from $1.345 billion last year.

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

-Earnings: $255.1 Mln. vs. $91.7 Mln. last year.
-EPS: $1.73 vs. $0.63 last year.
-Revenue: $1.351 Bln vs. $1.345 Bln last year.

-Guidance:
Full year EPS guidance: $3.25 to $3.35
Full year revenue guidance: $5,275 to $5,325 Mln

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