From Nasdaq: 2024-05-01 12:55:00

Amcor Plc reported third-quarter fiscal 2024 adjusted EPS of approximately 18 cents, beating estimates. Total revenues fell 7% year over year to $3.4 billion, missing expectations. Despite a 4% decline in volume, growth was better than expected with improved cost performance. The company updated its adjusted EPS outlook for fiscal 2024 to 68.5-71 cents.

In the packaging industry, AptarGroup Inc. reported first-quarter 2024 adjusted EPS of $1.26, beating estimates. Sonoco Products Co.’s first-quarter adjusted EPS of $1.12 also surpassed expectations. Packaging Corporation of America reported first-quarter adjusted EPS of $1.72, exceeding estimates. The industry is facing challenges such as lower volumes and pricing but seeing growth in certain segments.



Read more at Nasdaq: Amcor (AMCR) Q3 Earnings Beat, Revenues Dip Y/Y on Low Volumes