Reynold's Stock Rises After Beating Earnings Estimates

Reynolds Consumer Products Inc.’s stock REYN jumped 3.5% premarket Wednesday after the maker of household products beat estimates for the second quarter. Lake Forest, Ill.-based Reynolds posted net income of $66 million, or 32 cents a share, for the quarter, up from $52 million, or 25 cents a share, in the year-earlier period. Adjusted per-share earnings were also 32 cents, ahead of the 28 cent FactSet consensus. Revenue rose 3% to $940 million to beat the $937 million FactSet consensus.

-based Reynolds posted net income of $66 million, or 32 cents a share, for the quarter, up from $52 million, or 25 cents a share, in the year-earlier period. Adjusted per-share earnings were also 32 cents, ahead of the 28 cent FactSet consensus. Revenue rose 3% to $940 million to beat the $937 million FactSet consensus. Revenue was driven by higher pricing and unchanged volume compared to the prior year.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Dish bonds rally with stock after all-stock merger with EchoStarBillionaire Charlie Ergen's decision to combine his two telecom companies, Dish Network Corp. and EchoStar Corp., in an all-stock deal sent their shares higher on Tuesday. The news also sparked a rally in the company's bonds.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Tyson Foods' stock slides 6% after company swings to a quarterly lossMeat producer to close four chicken facilities and booked goodwill impairment charges in its fiscal third quarter.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

5 things to know before the stock market opens MondayHere are the most important news items that investors need to start their trading day.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »