CRYSTAL LAKE, Ill. (AP) — CRYSTAL LAKE, Ill. (AP) — AptarGroup Inc. (ATR) on Thursday reported second-quarter net income of $87.6 million.
The Crystal Lake, Illinois-based company said it had profit of $1.36 per share. Earnings, adjusted for non-recurring costs and restructuring costs, were $1.42 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.
The maker of consumer-product dispensing systems posted revenue of $1.03 billion in the period.
For the current quarter ending in September, AptarGroup expects its per-share earnings to range from $1.45 to $1.53.
AptarGroup shares have increased nearly 10% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $133.87, a decrease of 15% in the last 12 months.
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