Owens Illinois Inc. Reports 15% Fall In Q4 Profit

(RTTNews) - Owens Illinois Inc. (OI) reported earnings for fourth quarter that lost ground from last year.

The company said its bottom line fell to $64 million, or $0.40 per share. This was down from $75 million, or $0.46 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.40 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.9% to $1.63 billion. This was up from $1.60 billion last year.

Owens Illinois Inc. earnings at a glance:

-Earnings (Q4): $64 Mln. vs. $75 Mln. last year. -Earnings Decline (Y-o-Y): -14.7% -EPS (Q4): $0.40 vs. $0.46 last year. -EPS Decline (Y-o-Y): -13.0% -Analysts Estimate: $0.40 -Revenue (Q4): $1.63 Bln vs. $1.60 Bln last year. -Revenue Change (Y-o-Y): 1.9%

-Guidance: Full year EPS guidance: $2.10 - $2.25