Monday, Crown Holdings Inc. (CCK) reported fourth-quarter net income of $81 million or $0.50 per share, compared to a loss of $14 million or $0.09 per share in the same quarter last year.
Net income before certain items, increased 25.7% to $44 million or $0.27 per share from $35 million or $0.22 per share in the year ago quarter.
On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.23 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter increased to $1.92 billion from $1.88 billion in the comparable quarter last year. The increase in sales primarily reflected favorable foreign currency translation of $116 million which was largely offset by the pass-through of lower aluminum costs. Analysts expected the company to report revenue of $1.96 billion for the quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.