O-I Glass gains after upbeat forecast, Q4 results

O-I Glass

01/02/2023 15:46

** Shares of glass bottles and jar maker O-I Glass Inc
 OI.N  up 9.5% at $21.08 in early trading 
    ** OI on Tuesday forecast FY23 profit between 80 cents/share
and 85 cents/share, compared to Refinitiv ests of 53 cents/share
    ** Co's Q4 revenue of $1.7 bln beat Street's expectation,
helped by higher selling prices for its products
    ** OI says it anticipates higher earnings and adjusted free
cash flow for FY23
    ** Stock rose nearly 38% in 2022    
 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))