EVANSVILLE, Ind. (AP) — EVANSVILLE, Ind. (AP) — Berry Global Group Inc. (BERY) on Wednesday reported fiscal second-quarter profit of $193 million.
The Evansville, Indiana-based company said it had net income of $1.62 per share. Earnings, adjusted for one-time gains and costs, were $1.55 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share.
The packaging company posted revenue of $2.52 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $2.45 billion.
Berry Global shares have increased 4.5% since the beginning of the year. The stock has risen 18% 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 BERY at https://www.zacks.com/ap/BERY
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