NEENAH, Wis. (AP) _ Bemis Co. (BMS) on Thursday reported second-quarter net income of $50.9 million.
On a per-share basis, the Neenah, Wisconsin-based company said it had net income of 53 cents. Earnings, adjusted for restructuring costs and costs related to mergers and acquisitions, came to 67 cents per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.
The packaging company posted revenue of $1.02 billion in the period, which met Street forecasts.
Bemis expects full-year earnings in the range of $2.68 to $2.78 per share.
Bemis shares have risen 17 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 6 percent. The stock has increased 20 percent in the last 12 months.
