Owens-Illinois Posts Quarterly Earnings Results

Owens-Illinois, Inc. announced its quarterly earnings data on 12 April. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. Owens-Illinois had a return on equity of 86.33% and a net margin of 1.17%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the business posted $0.40 EPS. The business’s revenue was down 1.6% compared to the same quarter last year. Owens-Illinois updated its FY17 guidance to $2.40-2.50 EPS and its Q1 guidance to $0.50-0.55 EPS. To read the report in full, please visit the O-I link above.