O-I Glass: Q4 Earnings Snapshot
PERRYSBURG, Ohio (AP) — PERRYSBURG, Ohio (AP) — O-I Glass, Inc. (OI) on Tuesday reported a loss of $470 million in its fourth quarter.
On a per-share basis, the Perrysburg, Ohio-based company said it had a loss of $3.05. Earnings, adjusted for asset impairment costs and restructuring costs, came to 12 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The glass container manufacturer posted revenue of $1.64 billion in the period.
For the year, the company reported a loss of $103 million, or 67 cents per share. Revenue was reported as $7.11 billion.
O-I Glass expects full-year earnings in the range of $2.25 to $2.65 per share.
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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 OI at https://www.zacks.com/ap/OI
