AptarGroup: 4Q Earnings Snapshot

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CRYSTAL LAKE, Ill. (AP) _ AptarGroup Inc. (ATR) on Thursday reported fourth-quarter earnings of $53.2 million.

On a per-share basis, the Crystal Lake, Illinois-based company said it had profit of 79 cents. Earnings, adjusted for restructuring costs, were 92 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share.

The maker of consumer-product dispensing systems posted revenue of $749.3 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $736.1 million.

For the year, the company reported profit of $214 million, or $3.21 per share. Revenue was reported as $2.93 billion.

For the current quarter ending in April, AptarGroup expects its per-share earnings to range from 86 cents to 94 cents.

AptarGroup shares have increased 3% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $140.99, a rise of 22% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ATR at https://www.zacks.com/ap/ATR