Sealed Air Corp. Q3 Profit Increases, Beats Estimates
Friday, November 8, 2024 10:45 am
Sealed Air Corp. (SEE) announced a profit for its third quarter that increased from last year and beat the Street estimates. The company's earnings came in at $91.7 million, or $0.63 per share. This compares with $56.6 million, or $0.39 per share, in last year's third quarter. Excluding items, Sealed Air Corp. reported adjusted earnings of $115.7 million or $0.79 per share for the period. Analysts on average had expected the company to earn $0.67 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items. The company's revenue for the quarter fell 2.6% to $1.345 billion from $1.381 billion last year. Sealed Air Corp. earnings at a glance (GAAP) : -Earnings (Q3): $91.7 Mln. vs. $56.6 Mln. last year. -EPS (Q3): $0.63 vs. $0.39 last year. -Revenue (Q3): $1.345 Bln vs. $1.381 Bln last year. -Guidance: Full year EPS guidance: $3.00 to $3.10 Full year revenue guidance: $5.375 to $5.425 Bln
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