YARDLEY, Pa. (AP) _ Crown Holdings Inc. (CCK) on Monday reported second-quarter net income of $126 million.
The Yardley, Pennsylvania-based company said it had profit of 94 cents per share. Earnings, adjusted for one-time gains and costs, were $1.33 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.
The packaging company posted revenue of $2.69 billion in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $2.8 billion.
For the current quarter ending in October, Crown expects its per-share earnings to range from $1.50 to $1.60.
The company expects full-year earnings in the range of $5.10 to $5.25 per share.
Crown shares have decreased 4% since the beginning of the year. In the final minutes of trading on Monday, shares hit $69.62, a rise of 17% in the last 12 months.