Sonoco Products Q3 EPS USD -7.36
SON•Sonoco Products reported Q3 net income of negative $732 million and adjusted EPS of $1.67, versus an IBES estimate of $1.76. Sales were $2.042 billion, below the $2.084 billion estimate, and the company forecast FY net sales of $7.20 billion to $7.40 billion.
1. Quarterly results
Sonoco Products reported Q3 operating profit of negative $638 million and net income of negative $732 million. Adjusted EPS was $1.67 versus the $1.76 IBES estimate, while sales of $2.042 billion fell short of the $2.084 billion estimate; FY net sales outlook is $7.20 billion to $7.40 billion.
