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STAMFORD, Conn. (AP) _ Silgan Holdings Inc. (SLGN) on Tuesday reported fourth-quarter earnings of $60.1 million.
The Stamford, Connecticut-based company said it had profit of 54 cents per share. Earnings, adjusted for non-recurring costs, came to 60 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.
The packaging products supplier posted revenue of $1.23 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $1.18 billion.
For the year, the company reported profit of $308.7 million, or $2.77 per share. Revenue was reported as $4.92 billion.
For the current quarter ending in April, Silgan expects its per-share earnings to range from 65 cents to 75 cents.
The company expects full-year earnings in the range of $3.30 to $3.45 per share.
Silgan shares have dropped 2% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $36.28, an increase of 15% in the last 12 months.