Crown Holdings Inc. Q3 Profit Increases, Inline With Estimates

(RTTNews) - Crown Holdings Inc. (CCK) announced earnings for its third quarter that increased from last year in line with the Street estimates.

The company's earnings came in at $159 million, or $1.33 per share. This compares with $127 million, or $1.06 per share, in last year's third quarter.

Excluding items, Crown Holdings Inc. reported adjusted earnings of $207 million or $1.73 per share for the period.

Analysts on average had expected the company to earn $1.73 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 5.8% to $3.07 billion from $3.26 billion last year.

Crown Holdings Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $159 Mln. vs. $127 Mln. last year. -EPS (Q3): $1.33 vs. $1.06 last year. -Analyst Estimate: $1.73 -Revenue (Q3): $3.07 Bln vs. $3.26 Bln last year.

-Guidance: Next quarter EPS guidance: $1.40 to $1.50 Full year EPS guidance: $6.00 to $6.10