Jefferies Cuts Price Target on Crown Holdings (CCK) Following 3Q
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Crown Holdings, Inc. Reports Third Quarter 2016 Results
October 19, 2016 5:01 PM EDTPHILADELPHIA, Oct. 19, 2016 /PRNewswire/ --Â Crown Holdings, Inc. (NYSE: CCK) today announced its financial results for the third quarter ended September 30, 2016.
Third Quarter Highlights
Earnings per share $1.31 for the quarter; $3.09 YTD versus $2.35 in 2015 Adjusted earnings per share $1.33 for the quarter; $3.21 YTD versus $2.89 in 2015 Income from operations up 14% YTD, from $726 million to $829 million Segment income up 6% YTD, from $792 million to $842 million Beverage can growth projects on scheduleNet sales in the third quarter were $2,326 million compared to... More
