Reported 1 day ago
Ardagh Metal Packaging S.A. (NYSE:AMBP) saw its shares drop by 16.38% to close at $3.88 after investors reacted negatively to its second-quarter earnings report. Although revenues rose by 15% to $1.455 billion, net income was only $5 million, despite a 150% increase from the previous year. The company anticipates an adjusted EBITDA between $705-$725 million for the year, with expectations for continued growth in the beverage can market.
Source: YAHOO