AptarGroup (ATR) Q4 Earnings & Revenues Beat, View Upbeat
Zacks Investment Research | Feb 12, 2018 09:22PM ET
AptarGroup, Inc. (NYSE:ATR) reported fourth-quarter 2017 earnings per share of 81 cents, beating the Zacks Consensus Estimate of 71 cents. Also, earnings grew 5% year-over-year and came in above management’s guidance range of 68-73 cents per share.
On a reported basis, the company recorded earnings of 77 cents per share, which remained flat year over year.
Operational Update
Total revenues improved 16% year over year to $626 million in the reported quarter driven by 10% core sales growth and a 6% favorable impact from exchange rates. Core sales grew across each business segment, and in each end market and geographic region. Revenues also beat the Zacks Consensus Estimate of $584 million. Robust demand for innovative dispensing and drug delivery systems supported this year-over-year growth.
AptarGroup, Inc. Price, Consensus and EPS Surprise
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