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Silgan: 4Q Earnings Snapshot

STAMFORD, Conn. (AP) _ Silgan Holdings Inc. (SLGN) on Tuesday reported fourth-quarter earnings of $38.2 million.

On a per-share basis, the Stamford, Connecticut-based company said it had profit of 34 cents. Earnings, adjusted for non-recurring costs, were 38 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.

The packaging products supplier posted revenue of $1.07 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $1.02 billion.

For the year, the company reported profit of $224 million, or $2.01 per share. Revenue was reported as $4.45 billion.

For the current quarter ending in April, Silgan expects its per-share earnings to range from 40 cents to 45 cents.

The company expects full-year earnings in the range of $2.10 to $2.20 per share.

Silgan shares have climbed 12 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $26.41, a drop of almost 9 percent in the last 12 months.

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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 SLGN at https://www.zacks.com/ap/SLGN