Sealed Air hits 3-month high on upbeat profit forecast, results

Sealed Air

07/11/2024 15:41

** Shares of food and protective packaging company Sealed
Air  SEE.N  rise 3.06% to $38.24, highest since Aug. 8
    ** Co expects FY24 adjusted EPS between $3.00 and $3.10,
above analysts' estimate of $2.98 - LSEG data 
    ** Co sees FY24 net sales between $5.38 bln and $5.44 bln
vs. analysts' estimate of $5.39 bln
    ** Posts Q3 adjusted EPS of 79 cents on higher demand for
food packaging solutions, beating analysts' estimate of 67 cents
    ** Including session gains, stock had risen 3.8% YTD

 (Reporting by Nithyashree R B)
 ((NithyashreeRB@thomsonreuters.com;))