O-I Glass Reports First Quarter 2020 Results

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Go back to O-I Glass Reports First Quarter 2020 Results

O-I Glass (OI) Tops Q1 EPS by 1c

April 28, 2020 4:24 PM EDT

O-I Glass (NYSE: OI) reported Q1 EPS of $0.41, $0.01 better than the analyst estimate of $0.40.

1Q Comments:

Reported Earnings: For the first quarter of 2020, the company recorded net earnings attributable to the company of $0.32 per share, compared with earnings of $0.51 per share (diluted) in the prior year period.Adjusted Earnings Were Consistent with Guidance: Excluding certain items management considers not representative of ongoing operations, first quarter 2020 adjusted earnings1 were $0.41 per share, compared with the prior year of $0.51 per share. Current quarter results were consistent with the companys guidance of $0.40 $0.45 per share. Solid... More