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AptarGroup: 3Q Earnings Snapshot

CRYSTAL LAKE, Ill. (AP) _ AptarGroup Inc. (ATR) on Thursday reported third-quarter profit of $56.8 million.

On a per-share basis, the Crystal Lake, Illinois-based company said it had profit of 85 cents. Earnings, adjusted for restructuring costs and non-recurring costs, were 93 cents per share.

The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share.

The maker of consumer-product dispensing systems posted revenue of $701.3 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $699.4 million.

For the current quarter ending in December, AptarGroup expects its per-share earnings to range from 74 cents to 80 cents.

AptarGroup shares have climbed 26% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $118.15, a rise of 16% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ATR at https://www.zacks.com/ap/ATR