By Connor Hart
Shares of Amcor fell after the company logged lower-than-expected profit and sales in its fiscal fourth quarter.
The stock tumbled 14% to $8.58 in midday trading Thursday, on pace for its largest percent decrease in more than five years. Shares have lost about one-fifth of their value over the past 52 weeks.
The consumer-packaging company before the bell posted a loss of $39 million, or 1.9 cents a share, for its three months ended June 30, compared with a profit of $257 million, or 17.8 cents a share, a year earlier.
Adjusted per-share earnings were 20 cents, below the 21 cents that analysts polled by FactSet expected.
Sales jumped 44% to $5.08 billion but missed the $5.19 billion that Wall Street modeled.
Amcor noted that its bottom line was hurt by costs related to its acquisition of Berry Global, which closed on April 30. At the same time, the buy accounted for an about $1.5 million boost to Amcor's top line.
Year-over-year volume performance was similar for both legacy businesses, the company said.
Sales of flexible-packaging solutions rose 19% to $3.21 billion, while sales of rigid-packaging solutions more than doubled to $1.88 billion.
For its fiscal 2026, Amcor guided for adjusted earnings of 80 cents to 83 cents a share, the high-end of which is in line with analyst estimates.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
August 14, 2025 12:02 ET (16:02 GMT)
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