Ball 2Q profit climbs 61 percent

Ball second-quarter profit increases 61 percent, beats forecast

Associated Press

BROOMFIELD, Colo. (AP) -- Ball Corp. (BLL) on Thursday reported net income that climbed by 61 percent in its second quarter, and topped analysts' expectations.

The Broomfield, Colorado-based company said net income increased to $153.1 million, or $1.07 per share, from $95.1 million, or 63 cents per share, in the same quarter a year ago.

Earnings, adjusted for non-recurring costs, came to $1.13 per share. The average per-share estimate of analysts surveyed by Zacks Investment Research was for profit of $1.02.

The company said revenue climbed 4.1 percent to $2.29 billion from $2.2 billion in the same quarter a year ago, and beat Wall Street forecasts. Analysts expected $2.25 billion, according to Zacks.

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This story was generated automatically by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Full BLL report: http://www.zacks.com/ap/BLL

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Keywords:Ball,Earnings Report

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