Crown Holdings (CCK) Tops Q4 EPS by 1c, Offers Q1 & FY Guidance; Approves $1B Buyback

Crown Holdings (NYSE: CCK) reported Q4 EPS of $0.71, $0.01 better than the analyst estimate of $0.70. Revenue for the quarter came in at $1.92 billion versus the consensus estimate of $1.96 billion.

GUIDANCE:

Crown Holdings sees Q1 2017 EPS of $0.65-$0.75, versus the consensus of $0.74.

Crown Holdings sees FY2017 EPS of $3.80-$4.00, versus the consensus of $4.08.

The Company also announces that its Board of Directors has authorized the repurchase of an aggregate amount of $1 billion of Company common stock through the end of 2019. This new authorization reflects the Company's strong balance sheet and cash flow from operations, allowing investment in the business and return of cash to our shareholders. Share repurchases under this program may be made in the open market, through privately negotiated transactions or other programs, and at times and in such amounts as market conditions allow.

For earnings history and earnings-related data on Crown Holdings (CCK) click here.

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