AptarGroup: Q3 Earnings Snapshot

Associated Press Finance
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CRYSTAL LAKE, Ill. (AP) — CRYSTAL LAKE, Ill. (AP) — AptarGroup Inc. (ATR) on Wednesday reported third-quarter net income of $84.3 million.

The Crystal Lake, Illinois-based company said it had profit of $1.26 per share. Earnings, adjusted for restructuring costs and non-recurring costs, were $1.39 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.

The maker of consumer-product dispensing systems posted revenue of $893 million in the period.

For the current quarter ending in December, AptarGroup expects its per-share earnings to range from $1.06 to $1.14.

AptarGroup shares have climbed 11% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $122.37, a rise of 23% in the last 12 months.

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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

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