CRYSTAL LAKE, Ill. (AP) _ AptarGroup Inc. (ATR) on Thursday reported first-quarter profit of $55.3 million.
The Crystal Lake, Illinois-based company said it had profit of 84 cents per share. Earnings, adjusted for restructuring costs and costs related to mergers and acquisitions, came to 93 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.
The maker of consumer-product dispensing systems posted revenue of $721.6 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $716.1 million.
For the current quarter ending in July, AptarGroup expects its per-share earnings to range from 58 cents to 73 cents.
AptarGroup shares have decreased slightly more than 7% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $107.10, a fall of roughly 4% in the last 12 months.