Crown: Q2 Earnings Snapshot
By AP News
Published - Jul 24, 2023, 04:33 PM ET
Last Updated - Jul 24, 2023, 04:33 PM EDT
TAMPA, Fla. (AP) — TAMPA, Fla. (AP) — Crown Holdings Inc. (CCK) on Monday reported second-quarter profit of $157 million.
On a per-share basis, the Tampa, Florida-based company said it had profit of $1.31. Earnings, adjusted for one-time gains and costs, were $1.68 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.65 per share.
The packaging company posted revenue of $3.11 billion in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $3.47 billion.
