27.02.2024 13:07:00 - dpa-AFX: Sealed Air Corp. Q4 Profit Increases, beats estimates

WASHINGTON (dpa-AFX) - Sealed Air Corp. (SEE) announced a profit for its
fourth quarter that increased from the same period last year and beat the
Street estimates.

The company's bottom line totaled $124.0 million, or $0.86 per share. This
compares with $94.3 million, or $0.65 per share, in last year's fourth quarter.

Excluding items, Sealed Air Corp. reported adjusted earnings of $127.4 million
or $0.88 per share for the period.

Analysts on average had expected the company to earn $0.64 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 2.1% to $1.38 billion from $1.41
billion last year.

Sealed Air Corp. earnings at a glance (GAAP) :

-Earnings (Q4): $124.0 Mln. vs. $94.3 Mln. last year.
-EPS (Q4): $0.86 vs. $0.65 last year.
-Analyst Estimate: $0.64
-Revenue (Q4): $1.38 Bln vs. $1.41 Bln last year.


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
SEALED AIR CORP. DL-,10 913368 Frankfurt 35,400 16.05.24 16:08:39 -0,400 -1,12% 0,000 0,000 35,200 35,400

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