Weak Chinese demand hurts, says Ball, missing Q1 earnings estimates

Weakened demand and price erosion in China hurt in the first quarter, said Ball Corp., which announced earnings results that missed analysts’ expectations.

Broomfield-based Ball (NYSE: BLL) reported adjusted first-quarter earnings per diluted share of 59 cents, which was less than 69 cents a year earlier and less than analysts’ expectations of 68 cents per share.

“Strong operating performance in our U.S. and European metal beverage businesses was offset by difficult year-over-year comparisons in our China metal beverage and U.S. metal food businesses, as well as start-up costs for growth projects,” said John Hayes, chairman, president and CEO, in a statement.

Read more from the Denver Business Journal: http://bit.ly/1VE3ire.

Leave a Reply

Your email address will not be published. Required fields are marked *