Ball 2Q Profit Climbs 61 Percent
Ball Corp. on Thursday reported net income that climbed by 61 percent in its second quarter, and topped analysts’ expectations.
The Broomfield, Colorado-based company said net income increased to $153.1 million, or $1.07 per share, from $95.1 million, or 63 cents per share, in the same quarter a year ago.
Earnings, adjusted for non-recurring costs, came to $1.13 per share. The average per-share estimate of analysts surveyed by Zacks Investment Research was for profit of $1.02.
The company said revenue climbed 4.1 percent – to $2.29 billion from $2.2 billion – from the same quarter a year ago, and beat Wall Street forecasts. Analysts had expected $2.25 billion, according to Zacks.
This article appeared in print in edition of Hamodia.
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