Sealed Air Corp. Q3 Profit Increases, beats estimates

(RTTNews) - Sealed Air Corp. (SEE) announced earnings for its third quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $134.2 million, or $0.92 per share. This compares with $107.7 million, or $0.71 per share, in last year's third quarter.

Excluding items, Sealed Air Corp. reported adjusted earnings of $143.0M or $0.98 per share for the period.

Analysts on average had expected the company to earn $0.90 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.7% to $1.40 billion from $1.41 billion last year.

Sealed Air Corp. earnings at a glance (GAAP) :

-Earnings (Q3): $134.2 Mln. vs. $107.7 Mln. last year. -EPS (Q3): $0.92 vs. $0.71 last year. -Analyst Estimate: $0.90 -Revenue (Q3): $1.40 Bln vs. $1.41 Bln last year.

-Guidance: Full year EPS guidance: $4.05 to $4.15 Full year revenue guidance: $5.65 to $5.75 Bln