AptarGroup (ATR) Tops Q3 EPS by 4c, Offers Q4 Outlook

AptarGroup (NYSE: ATR) reported Q3 EPS of $0.83, $0.04 better than the analyst estimate of $0.79. Revenue for the quarter came in at $586 million versus the consensus estimate of $590.36 million.

AptarGroup sees Q4 2015 EPS of $0.61-$0.66, versus the consensus of $0.66.

Commenting on AptarGroup’s outlook, Hagge said, “Currency exchange rates will continue to be a significant headwind on our translated results compared to the prior year at least until early next year. We don’t see any significant changes in the macroeconomic conditions that are currently affecting our business, including selected softness in certain markets. Also, we anticipate that certain customers may choose to reduce inventory levels at year end as we have seen in recent years. Despite these near-term issues, we expect fourth quarter earnings on a comparable currency basis to improve over the prior year. In addition, we are optimistic about the future and we remain committed to our market-focused strategy, investing in research and development, and positioning the company for long-term growth.

For earnings history and earnings-related data on AptarGroup (ATR) click here.

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