Thursday, April 27, 2017 10:25:01 AM
The Neenah, Wisconsin-based company said it had profit of 55 cents per share. Earnings, adjusted for restructuring costs, came to 58 cents per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.
The packaging company posted revenue of $995.4 million in the period, which beat Street forecasts. Six analysts surveyed by Zacks expected $993.8 million.
Bemis expects full-year earnings in the range of $2.50 to $2.60 per share.
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