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Berry Global: Fiscal Q2 Earnings Snapshot

EVANSVILLE, Ind. (AP) _ Berry Global Group Inc. (BERY) on Tuesday reported fiscal second-quarter net income of $181 million. On a per-share basis, the Evansville, Indiana-based company said it had net income of $1.32. Earnings, adjusted for one-time gains and costs, came to $1.59 per share. The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.

صاحب‌خبر -

EVANSVILLE, Ind. (AP) _ Berry Global Group Inc. (BERY) on Tuesday reported fiscal second-quarter net income of $181 million.

On a per-share basis, the Evansville, Indiana-based company said it had net income of $1.32. Earnings, adjusted for one-time gains and costs, came to $1.59 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.

The packaging company posted revenue of $3.37 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $3.17 billion.

Berry Global shares have risen 14% since the beginning of the year. The stock has risen 56% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BERY at https://www.zacks.com/ap/BERY

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