Nov 5 (Reuters) - Packaging firm Amcor 485.F beat Wall Street estimates for first-quarter sales and profit on Wednesday, driven by steady demand for its containers and cartons even amid macroeconomic uncertainties.

WHY IT'S IMPORTANT

The current surge in product prices following U.S. President Donald Trump's tariff policies has prompted consumers to eat at home more frequently to save money, increasing demand for canned and packaged food.Consumers are opting for more affordable meals at home due to sticky inflation, helping demand for canned foods and ready-to-eat meals, and boosting packaging sales at Amcor.

MARKET REACTION

Shares were up about 3% in after-market trading.

CONTEXT

The company, which provides to consumer goods companies like PepsiCo PEP.O and Procter & Gamble PG.N, last month appointed Stephen Scherger as iths chief financial officer, effective November 10, succeeding company veteran Michael Casamento.

Peer Ball Corp BALL.N also beat third-quarter sales on Tuesday, driven by resilient demand for its aluminum cans.

BY THE NUMBERS

Revenue for the quarter ended September 30, came in at $5.75 billion. Analysts, on average, were expecting $5.73 billion, according to data compiled by LSEG.

It reported a first-quarter adjusted profit of 19.3 cents per share, compared with estimates of 19 cents apiece.

The company maintained its fiscal 2026 outlook.

(Reporting by Sanskriti Shekhar and Anshi Sancheti in Bengaluru; Editing by Alan Barona)

((Sanskriti.Shekhar@thomsonreuters.com))