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Silgan: 3Q Earnings Snapshot

STAMFORD, Conn. (AP) _ Silgan Holdings Inc. (SLGN) on Wednesday reported third-quarter profit of $84.7 million.

On a per-share basis, the Stamford, Connecticut-based company said it had profit of 76 cents.

The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.

The packaging products supplier posted revenue of $1.31 billion in the period, beating Street forecasts. Five analysts surveyed by Zacks expected $1.3 billion.

For the current quarter ending in December, Silgan expects its per-share earnings to range from 34 cents to 39 cents.

The company expects full-year earnings in the range of $2.03 to $2.08 per share.

Silgan shares have decreased 10 percent since the beginning of the year. The stock has decreased almost 8 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 SLGN at https://www.zacks.com/ap/SLGN