Owens Illinois Inc. Reveals 10% Advance In Q2 Earnings

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

The company said its bottom line rose to $107 million, or $0.65 per share. This was higher than $97 million, or $0.60 per share, in last year's second quarter.

Analysts had expected the company to earn $0.63 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 14.3% to $1.76 billion. This was up from $1.54 billion last year.

Owens Illinois Inc. earnings at a glance:

-Earnings (Q2): $107 Mln. vs. $97 Mln. last year. -Earnings Growth (Y-o-Y): 10.3% -EPS (Q2): $0.65 vs. $0.60 last year. -EPS Growth (Y-o-Y): 8.3% -Analysts Estimate: $0.63 -Revenue (Q2): $1.76 Bln vs. $1.54 Bln last year. -Revenue Change (Y-o-Y): 14.3%