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Ardagh Group: 4Q Earnings Snapshot

LUXEMBOURG (AP) _ Ardagh Group SA (ARD) on Thursday reported a fourth-quarter loss of $144 million, after reporting a profit in the same period a year earlier.

The company said it had a loss of 61 cents per share. Earnings, adjusted for one-time gains and costs, were 33 cents per share.

The packaging company posted revenue of $2.14 billion in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $2.09 billion.

For the year, the company reported a loss of $94 million, or 40 cents per share, swinging to a loss in the period. Revenue was reported as $9.1 billion.

Ardagh Group expects full-year earnings in the range of $1.60 to $1.75 per share.

Ardagh Group shares have increased 17 percent since the beginning of the year. The stock has decreased 29 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