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AptarGroup Q1 Profit Down

AptarGroup Inc. (ATR) reported that its first-quarter net income attributable to company was $43.81 million, compared to $44.48 million in the previous year quarter. Earnings per share for the latest quarter was $0.64, same as last year.

Net sales increased to $592.50 million from $576.52 million in the comparable quarter last year.

On average, ten analysts polled by Thomson Reuters expected the company to report profit of $0.63 per share on revenue of $576.94 million for the quarter. Analysts' estimates typically exclude special items.

The company expects second quarter earnings per share to be in the range of $0.70 to $0.75. Analysts currently expect second quarter earnings of $0.78 per share.

by RTTNews Staff Writer

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