Libbey Affirms 2018 Outlook; Q1 Loss Narrows - Quick Facts

(RTTNews) - Libbey Inc. (LBY) on Tuesday affirmed its full-year 2018 and half-year 2018 outlook for sales growth in the low single-digit percentage rate.

On average, analysts polled by Thomson Reuters expect the company to report sales revenue growth of 1.9 percent to $800.31 million for the year. Analysts' estimates typically exclude special items.

For the first quarter, the company reported a net loss of $2.96 million or $0.13 per share, narrower than $6.57 million or $0.30 per share in the prior-year quarter.

Consolidated net sales for the quarter grew 5.2 percent to $181.91 million from $172.99 million last year. It grew 1.4 percent on a currency neutral basis.

Analysts expected a quarterly loss of $0.13 per share on revenues of $178.27 million.