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AptarGroup tops Street 1Q forecasts

CRYSTAL LAKE, Ill. (AP) _ AptarGroup Inc. (ATR) on Thursday reported first-quarter net income of $51.8 million.

On a per-share basis, the Crystal Lake, Illinois-based company said it had net income of 81 cents. Earnings, adjusted for pretax gains, were 77 cents per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.

The maker of consumer-product dispensing systems posted revenue of $601.3 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $590.6 million.

AptarGroup shares have increased slightly more than 7 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $78.79, a fall of 1.5 percent 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


Keywords: AptarGroup, Earnings Report