Owens Illinois Inc. Q1 Profit Rises 10%

(RTTNews) - Owens Illinois Inc. (OI) announced earnings for its first quarter that rose from last year.

The company said its bottom line came in at $78 million, or $0.48 per share. This was higher than $71 million, or $0.44 per share, in last year's first quarter.

Analysts had expected the company to earn $0.40 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 12.0% to $1.59 billion. This was up from $1.42 billion last year.

Owens Illinois Inc. earnings at a glance:

-Earnings (Q1): $78 Mln. vs. $71 Mln. last year. -Earnings Growth (Y-o-Y): 9.9% -EPS (Q1): $0.48 vs. $0.44 last year. -EPS Growth (Y-o-Y): 9.1% -Analysts Estimate: $0.40 -Revenue (Q1): $1.59 Bln vs. $1.42 Bln last year. -Revenue Change (Y-o-Y): 12.0%

-Guidance: Full year EPS guidance: $2.25 - $2.35