Ball Corp gains as Q1 profit tops expectations

Ball

26/04/2024 15:31

** Shares of beer can maker Ball Corp  BALL.N  up as much as
6.6% at $69.77 - highest since Aug. 2022
    ** Company exceeds quarterly profit expectations but misses
sales expectations, hurt by tepid demand for its beverage cans
        ** Earns comparable profit of 68 cents per share beating
LSEG estimates of 56 cents per share
    ** Q1 net sales fall 3.5% to $2.87 bln vs analysts'
expectations of $3.23 bln 
    ** As of last close, stock gained 18.3% YTD

 (Reporting by Annett Mary Manoj in Bengaluru)
 ((AnnettMary.Manoj@thomsonreuters.com))