Reynolds Consumer Products: Q2 Earnings Snapshot

August 9, 2022 GMT

LAKE FOREST, Ill. (AP) _ Reynolds Consumer Products Inc. (REYN) on Tuesday reported second-quarter earnings of $52 million.

On a per-share basis, the Lake Forest, Illinois-based company said it had profit of 25 cents. Earnings, adjusted for non-recurring costs, were 26 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 26 cents per share.

The company posted revenue of $917 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $938.4 million.

For the current quarter ending in October, Reynolds Consumer Products expects its per-share earnings to range from 21 cents to 25 cents.

The company said it expects revenue in the range of $905 million for the fiscal third quarter.

Reynolds Consumer Products expects full-year earnings in the range of $1.32 to $1.43 per share, with revenue expected to be $3.56 billion.

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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 REYN at https://www.zacks.com/ap/REYN