Ball Corporation Reveals 11% Drop In Q1 Bottom Line
Ball Corporation (BLL) reported earnings for first quarter that retreated compared to the same period last year.
The company said its earnings came in at $86 million, or $0.58 per share. This was lower than $97 million, or $0.69 per share, in last year's first quarter.
Analysts had expected the company to earn $0.68 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 8.9% to $1.75 billion. This was down from $1.92 billion last year.
Ball Corporation earnings at a glance:
- Earnings (Q1): $86 Mln. vs. $97 Mln. last year.
- Earnings Decline (Y-o-Y): -11.3%
- EPS (Q1): $0.58 vs. $0.69 last year.
- EPS Decline (Y-o-Y): -15.9%
- Analysts Estimate: $0.68
- Revenue (Q1): $1.75 Bln vs. $1.92 Bln last year.
- Revenue Change (Y-o-Y): -8.9%
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