Home › Business › Local Business
Broomfield-based Ball's 2Q profit slips 5.6 percent
STORY TOOLS
More Local Business
- Covidien shares rise on upgrade, market swing
- Broomfield braces for hotel boom on U.S. 36 corridor
- Boulder Chamber honors entrepreneurs
Share and Enjoy [?]
Broomfield-based plastic and metal packaging company Ball Corporation is reporting its second-quarter profit fell 5.6 percent due in part to higher costs.
The company said Thursday that it earned $100 million, or $1.02 per share, during the three-month period that ended June 29. That compares with $105.9 million, or $1.03 per share, at the same time a year ago.
Ball posted adjusted earnings per share of $1.10, excluding one-time charges of 8 cents each. That fell two cents a share shy of estimates from analysts surveyed by Thomson Financial.
Sales climbed to $2.08 billion, short of analysts expectations of $2.09 billion.
The cost of sales also increased to $1.74 billion, up from $1.68 billion.
(Requires free registration.)
Comments are the sole responsibility of the person posting them. You agree not to post comments that are off topic, defamatory, obscene, abusive, threatening or an invasion of privacy. Violators may be banned. Click here for our full user agreement.
Camera staff does not actively monitor comments. If you believe a comment breaks the user agreement, please flag the comment and someone will take a look at it.