Latest News by Industry
CRYSTAL LAKE, Ill. (AP) — CRYSTAL LAKE, Ill. (AP) — AptarGroup Inc. (ATR) on Thursday reported fourth-quarter earnings of $59 million.
On a per-share basis, the Crystal Lake, Illinois-based company said it had net income of 89 cents. Earnings, adjusted for non-recurring costs, came to 92 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.
The maker of consumer-product dispensing systems posted revenue of $795.9 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $780 million.
For the year, the company reported profit of $239.3 million, or $3.59 per share. Revenue was reported as $3.32 billion.
AptarGroup shares have climbed roughly 1% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $110.69, a fall of 3.5% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a ATR">Zacks stock report on ATR at https://www.zacks.com/ap/ATR