Bemis Company, Inc. (BMS) reported net income attributable to Bemis of $35.84 million or $0.33 per share for the third quarter, compared with $44.26 million or $0.43 per share for the same quarter of 2008. Excluding the effect of acquisition related charges and financing, and a gain on sale of an asset, diluted earnings per share would have been $0.48 for the third quarter of 2009.
On average, 10 analysts polled by Thomson Reuters expected the company to report earnings of $0.39 per share. Analysts' estimates typically exclude special items.
Net sales declined to $898.93 million from $984.26 million in the prior year quarter. Seven analysts estimated revenues of $908.99 million.
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