Ball Corp. (BLL) Misses Q2 EPS by 1c

July 28, 2011 7:33 AM EDT
Ball Corp. (NYSE: BLL) reported Q2 EPS of $0.85, $0.01 worse than the analyst estimate of $0.86. Revenue for the quarter came in at $2.31 billion versus the consensus estimate of $2.42 billion.

commenting on its outlook the firm said:
"We expect full-year free cash flow to be at least $400 million assuming approximately $500 million of capital expenditures, of which $300 million is for growth projects," said Scott C. Morrison, senior vice president and chief financial officer. "Through the first six months of 2011 we acquired a net $241 million of Ball stock, and we intend to utilize most of our free cash flow for share repurchases."

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