Sealed Air Reports Third Quarter Results
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Sealed Air (SEE) Tops Q3 EPS by 1c, Slight Revenue Beat; Reaffirms FY18 EPS Outlook
November 1, 2018 7:05 AM EDTSealed Air (NYSE: SEE) reported Q3 EPS of $0.61, $0.01 better than the analyst estimate of $0.60. Revenue for the quarter came in at $1.86 billion versus the consensus estimate of $1.18 billion.
Net Sales from Continuing Operations increased year-over-year to $1.2 billion (up 5%)Net Earnings from Continuing Operations $76 million (up 21%) or $0.48 per diluted share (up 45%)Adjusted Earnings from Continuing Operations per diluted share of $0.61 (up 33%)Reaffirm 2018 Outlook provided on October 17,... More