Crown Holdings' (CCK) Q1 Earnings & Revenues Beat, View Up
Zacks Investment Research | Apr 19, 2018 10:04PM ET
Crown Holdings, Inc. (NYSE:CCK) delivered first-quarter 2018 adjusted earnings per share of 94 cents, which increased 22% year over year. Also, the figure comfortably beat the Zacks Consensus Estimate of 80 cents. Earnings also came ahead of management’s guided range of 75-85 cents.
On a reported basis, the company reported earnings of 67 cents per share compared to 77 cents in the prior-year quarter.
Net sales in the quarter rose 15.6% year over year to $2,197 million. The revenue figure also surpassed the Zacks Consensus Estimate of $2,071 million. Year-over-year sales growth was driven by improved beverage can volumes, pass through of higher material costs to customers and favorable currency-translation impact.
Crown Holdings, Inc. Price, Consensus and EPS Surprise
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