WARMLEY BRISTOL, Britain (AP) — Amcor plc on Wednesday reported fiscal fourth-quarter earnings of $109 million.
The U.S.-Australian food packaging maker said it had net income of $0.07 per share. Earnings, adjusted for non-recurring costs, came to $0.24 per share.
The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of $0.24 per share.
The company posted revenue of $3.91 billion in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $3.82 billion.
For the year, the company reported profit of $805 million, or $0.53 cents per share. Revenue was reported as $14.54 billion.
Amcor expects full-year earnings in the range of $0.80 cents to $0.84 cents per share.
Amcor shares have risen slightly more than 8% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $13.01, a climb of 7.5% in the last 12 months.
Shares fell $0.29 to $12.72 on Thursday.
