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Ardagh Group: 2Q Earnings Snapshot

LUXEMBOURG (AP) _ Ardagh Group SA (ARD) on Thursday reported second-quarter net income of $58 million.

The company said it had profit of 25 cents per share. Earnings, adjusted for one-time gains and costs, were 51 cents per share.

The packaging company posted revenue of $2.35 billion in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $2.29 billion.

Ardagh Group expects full-year earnings in the range of $1.70 to $1.80 per share.

Ardagh Group shares have fallen 21 percent since the beginning of the year. The stock has declined 28 percent 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 ARD at https://www.zacks.com/ap/ARD