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Crown Holdings Inc Lowers Q3 2013 EPS Guidance; Issues Q3 2013 Charge Guidance


Tuesday, 24 Sep 2013 04:19pm EDT 

Crown Holdings Inc revised its diluted earnings per share (EPS) expectations for the third quarter of 2013 to a range of $1.05 to $1.10 before certain items impacting comparability. The Company had previously projected diluted EPS of $1.15 to $1.25 for its third quarter of 2013 before certain items. The revised outlooks primarily reflect lower than expected end-user demand in certain of the Company's markets, including European food cans and North American beverage cans. The Company also expects to record a pre-tax restructuring charge of approximately $32 million ($29 million after tax or $0.21 per diluted share) in the third quarter of 2013. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $1.21 for the third quarter of 2013. 

Company Quote

51.08
0.8 +1.59%
19 Dec 2014