Silgan Holdings Inc. (SLGN) released a profit for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $68.0 million, or $0.63 per share. This compares with $55.2 million, or $0.52 per share, last year.
Excluding items, Silgan Holdings Inc. reported adjusted earnings of $88.3 million or $0.82 per share for the period.
Analysts on average had expected the company to earn $0.79 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 11.3% to $1.466 billion from $1.317 billion last year.
Silgan Holdings Inc. earnings at a glance (GAAP) :
-Earnings: $68.0 Mln. vs. $55.2 Mln. last year.
-EPS: $0.63 vs. $0.52 last year.
-Revenue: $1.466 Bln vs. $1.317 Bln last year.
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