BUZZ-Ball Corp falls after missing quarterly sales expectations

Reuters
02-04
BUZZ-Ball Corp falls after missing quarterly sales expectations

** Aluminum can maker Ball Corp's BALL.N shares down 7.7% at $51.45

** Co posts Q4 net revenue of $2.88 billion, missing analysts' expectations of $2.91 billion, according to data compiled by LSEG

** Forecasts full-year profit growth of over 10%, versus market expectations of 12.5%

** Co has cut costs amid weak consumer spending, and has closed some manufacturing facilities and sold its aerospace business last year

** Co's comparable earnings of 84 cents per share beats analysts' estimates of 80 cents per share

** BALL stock fell 4.16% in 2024

(Reporting by Aamir Sohail in Bengaluru)

((Aamir.Sohail@thomsonreuters.com;))

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