BROOMFIELD, Colo. (AP) _ Ball Corp. (BLL) on Thursday reported first-quarter net income of $117 million.
On a per-share basis, the Broomfield, Colorado-based company said it had profit of 34 cents. Earnings, adjusted for one-time gains and costs, came to 49 cents per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.
The metal packaging company posted revenue of $2.79 billion in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $2.65 billion.
Ball shares have increased 28% since the beginning of the year, while the Standard & Poor's 500 index has risen 17%. The stock has increased 50% 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 BLL at https://www.zacks.com/ap/BLL