AptarGroup Inc. Q2 Profit Increases, Beats Estimates

(RTTNews) - AptarGroup Inc. (ATR) announced a profit for its second quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $90.454 million, or $1.34 per share. This compares with $83.072 million, or $1.24 per share, in last year's second quarter.

Excluding items, AptarGroup Inc. reported adjusted earnings of $92.413 million or $1.37 per share for the period.

Analysts on average had expected the company to earn $1.36 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.6% to $910.06 million from $895.9 million last year.

AptarGroup Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $90.454 Mln. vs. $83.072 Mln. last year. -EPS (Q2): $1.34 vs. $1.24 last year. -Revenue (Q2): $910.06 Mln vs. $895.9 Mln last year.

-Guidance: Next quarter EPS guidance: $1.38 to $1.46