Reynolds Consumer Products Inc. (REYN) released a profit for its fourth quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $137 million, or $0.65 per share. This compares with $107 million, or $0.51 per share, in last year's fourth quarter.
Excluding items, Reynolds Consumer Products Inc. reported adjusted earnings of $137 million or $0.65 per share for the period.
Analysts on average had expected the company to earn $0.62 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 7.3% to $1.01 billion from $1.09 billion last year.
Reynolds Consumer Products Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $137 Mln. vs. $107 Mln. last year.
-EPS (Q4): $0.65 vs. $0.51 last year.
-Analyst Estimate: $0.62
-Revenue (Q4): $1.01 Bln vs. $1.09 Bln last year.
-Guidance:
Next quarter EPS guidance: $0.21 - $0.23
Next quarter revenue guidance: $795 M - $820 M
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