Libbey Inc. Announces Third-Quarter Results

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Go back to Libbey Inc. Announces Third-Quarter Results

Libbey (LBY) Misses Q3 EPS by 39c, Revenues Miss

November 6, 2018 7:49 AM EST

Libbey (NYSE: LBY) reported Q3 EPS of ($0.22), $0.39 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $190.8 million versus the consensus estimate of $192.33 million.

"We were pleased to see many of the positive trends we observed across our business during the first half of the year continue during the third quarter, and we were able to deliver a fourth consecutive quarter of year-over-year net sales growth," said Chief Executive Officer William Foley. "Our efforts to improve product margins remain on track, driven by our new... More