Breaking News
Jul 23, 2024
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Crown Holdings soared 9.8% to $85.06 after the packaging company lifted its annual earnings outlook.
Revenue in the second quarter edged lower to $3.04 billion from $3.1 billion, net income increased to $174 million from $157 million, and diluted earnings per share rose to $1.45 from $1.31 a year ago.
The company estimated full-year diluted earnings per share in the range of $6.00 to $6.25 compared to previous guidance of $5.80 to $6.20 and free cash flow to be at least $750 million.
Third quarter adjusted earnings per share are expected to be in the range of $1.75 to $1.85.
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