AptarGroup: Q2 Earnings Snapshot

July 28, 2022 GMT

CRYSTAL LAKE, Ill. (AP) _ AptarGroup Inc. (ATR) on Thursday reported second-quarter earnings of $63.6 million.

The Crystal Lake, Illinois-based company said it had net income of 95 cents per share. Earnings, adjusted for investment costs and restructuring costs, came to 96 cents per share.

The results matched Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 96 cents per share.

The maker of consumer-product dispensing systems posted revenue of $844.5 million in the period, beating Street forecasts. Five analysts surveyed by Zacks expected $840.5 million.

For the current quarter ending in October, AptarGroup expects its per-share earnings to range from 90 cents to $1.

AptarGroup shares have dropped 12% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $107.82, a fall of 22% 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 ATR at https://www.zacks.com/ap/ATR