EVANSVILLE, Ind. (AP) — Berry Global Group Inc. on Friday reported fiscal second-quarter profit of $126 million.
The Evansville-based company said it had net income of 94 cents per share.
Earnings, adjusted for one-time gains and costs, came to $1.19 per share.
The results beat Wall Street expectations.
The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.
The packaging company posted revenue of $2.98 billion in the period, which missed Street forecasts.
Four analysts surveyed by Zacks expected $3.06 billion.
Berry Global shares have decreased 16% since the beginning of the year.
The stock has decreased 32% in the last 12 months.
(This story was originally published on May 1, 2020)