Owens Illinois Inc. Q1 Earnings Climb 22%

(RTTNews) - Owens Illinois Inc. (OI) released a profit for its first quarter that gained ground compared to the same period last year.

The company said its bottom line came in at $95 million, or $0.58 per share. This was higher than $78 million, or $0.48 per share, in last year's first quarter.

Analysts had expected the company to earn $0.53 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.9% to $1.62 billion. This was up from $1.59 billion last year.

Owens Illinois Inc. earnings at a glance:

-Earnings (Q1): $95 Mln. vs. $78 Mln. last year. -Earnings Growth (Y-o-Y): 21.8% -EPS (Q1): $0.58 vs. $0.48 last year. -EPS Growth (Y-o-Y): 20.8% -Analysts Estimate: $0.53 -Revenue (Q1): $1.62 Bln vs. $1.59 Bln last year. -Revenue Change (Y-o-Y): 1.9%

-Guidance: Full year EPS guidance: $2.40 to $2.50