Crown Holdings Inc. Profit Advances 16% In Q2

(RTTNews) - Crown Holdings Inc. (CCK) revealed earnings for its second quarter that gained ground compared to the same period last year.

The company said its bottom line rose to $166 million, or $1.19 per share. This was up from $143 million, or $1.03 per share, in last year's second quarter.

Analysts had expected the company to earn $1.11 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 6.1% to $2.14 billion. This was down from $2.28 billion last year.

Crown Holdings Inc. earnings at a glance:

-Earnings (Q2): $166 Mln. vs. $143 Mln. last year. -Earnings Growth (Y-o-Y): 16.1% -EPS (Q2): $1.19 vs. $1.03 last year. -EPS Growth (Y-o-Y): 15.5% -Analysts Estimate: $1.11 -Revenue (Q2): $2.14 Bln vs. $2.28 Bln last year. -Revenue Change (Y-o-Y): -6.1%