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Crown: Q3 Earnings Snapshot
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TAMPA, Fla. (AP) — TAMPA, Fla. (AP) — Crown Holdings Inc. (CCK) on Monday reported third-quarter profit of $225 million.

The Tampa, Florida-based company said it had profit of $2.08 per share. Earnings, adjusted for one-time gains and costs, were $2.39 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.25 per share.

The packaging company posted revenue of $3.71 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $3.39 billion.

For the current quarter ending in December, Crown expects its per-share earnings to range from $1.63 to $1.73.

The company expects full-year earnings in the range of $8.35 to $8.45 per share.

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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 CCK at https://www.zacks.com/ap/CCK

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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