Bemis Company, Inc. (BMS)

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Bemis reports EPS in-line, misses on revs; guides Q4 EPS below consensus (BMS) : Reports Q3 (Sep) earnings of $0.67 per share, excluding non-recurring items, in-line with the Capital IQ Consensus Estimate of $0.67; revenues fell 2.1% year/year to $1.1 bln vs the $1.23 bln consensus.

Co issues downside guidance for Q4, sees EPS of $0.53-0.58 vs. $0.60 Capital IQ Consensus Estimate.
Full year 2014 cash flow from operating activities is expected to be in the range of $375 million to $400 million.
Continues to expect the effective income tax rate for the full year 2014 to be approximately 34.5 percent and total year 2014 capital expenditures to be approximately $175 million.