Ball: Q2 Earnings Snapshot

Associated Press Finance
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WESTMINSTER, Colo. (AP) — WESTMINSTER, Colo. (AP) — Ball Corp. (BALL) on Thursday reported second-quarter profit of $158 million.

The Westminster, Colorado-based company said it had profit of 51 cents per share. Earnings, adjusted for non-recurring costs and amortization costs, came to 74 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.

The metal packaging company posted revenue of $2.96 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $3.07 billion.

Ball shares have climbed 11% since the beginning of the year. The stock has climbed nearly 9% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BALL at https://www.zacks.com/ap/BALL