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Sealed Air Shines In Q2 On Strength In Food Business, Shares Move Higher
Sealed Air Corporation (NYSE:SEE) shares are trading higher after the company reported second quarter results.
The company reported adjusted earnings per share of 83 cents, beating the street view of 64 cents. The company reported quarterly revenues of $1.345 billion, beating the analyst consensus of $1.307 billion.
Revenues decreased 3% as reported, with EMEA decreasing 5%, APAC decreasing 3% and the Americas decreasing 2%.
Net sales decreased $24 million, or 2%, on a constant dollar basis.
The current year results were impacted by $27 million of Special Items expense, including $9 million of restructuring and ...