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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.


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