FX.co ★ Berry Global Group, Inc. Q3 Profit Increases, Beats Estimates

Berry Global Group, Inc. (BERY) announced an increase in profit for its third quarter, surpassing Wall Street expectations.

The company's net income amounted to $193 million, or $1.65 per share, compared to $143 million, or $1.18 per share, in the same period last year.

Excluding certain items, Berry Global's adjusted earnings stood at $2.18 per share for the quarter.

Analysts had projected average earnings of $2.06 per share, according to Thomson Reuters data. Typically, analysts' forecasts exclude special items.

Revenue for the quarter saw a decline of 2.1%, dropping to $3.161 billion from the previous year's $3.229 billion.

Key financial highlights for Berry Global Group, Inc. (GAAP):

- Earnings (Q3): $193 million vs. $143 million last year.

- Earnings Per Share (Q3): $1.65 vs. $1.18 last year.

- Revenue (Q3): $3.161 billion vs. $3.229 billion last year.

Guidance:

The company projects a full-year EPS of $7.60.