WESTMINSTER, Colo. (AP) _ Ball Corp. (BALL) on Thursday reported third-quarter net income of $392 million.
The Westminster, Colorado-based company said it had profit of $1.24 per share. Earnings, adjusted for one-time gains and costs, came to 75 cents per share.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.
The metal packaging company posted revenue of $3.95 billion in the period, exceeding Street forecasts. Seven analysts surveyed by Zacks expected $3.93 billion.
Ball shares have decreased 50% since the beginning of the year. The stock has declined 49% 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
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