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Ardagh Group: 1Q Earnings Snapshot

LUXEMBOURG (AP) _ Ardagh Group SA (ARD) on Friday reported first-quarter net income of $13 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Luxembourg-based company said it had net income of 6 cents. Earnings, adjusted for amortization costs and non-recurring costs, came to 35 cents per share.

The packaging company posted revenue of $2.22 billion in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $2.17 billion.

Ardagh Group shares have increased 22 percent since the beginning of the year. The stock has declined 27 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 ARD at https://www.zacks.com/ap/ARD