Reported 2 months ago
Ball Corp reported a second-quarter profit that surpassed analyst expectations, driven by successful cost-reduction initiatives and lower input costs. Despite a decline in beverage packaging sales in North America and South America due to lower consumer spending, the company saw adjusted earnings of 74 cents per share, exceeding forecasts. However, net sales for the quarter fell to $2.96 billion, below estimates of $3.10 billion.
Source: YAHOO