BUZZ-Sealed Air hits 3-month high on upbeat profit forecast, results

Reuters
07 Nov 2024
BUZZ-Sealed Air hits 3-month high on upbeat profit forecast, results

** Shares of food and protective packaging company Sealed Air SEE.N rise 3.06% to $38.24, highest since Aug. 8

** Co expects FY24 adjusted EPS between $3.00 and $3.10, above analysts' estimate of $2.98 - LSEG data

** Co sees FY24 net sales between $5.38 bln and $5.44 bln vs. analysts' estimate of $5.39 bln

** Posts Q3 adjusted EPS of 79 cents on higher demand for food packaging solutions, beating analysts' estimate of 67 cents

** Including session gains, stock had risen 3.8% YTD

(Reporting by Nithyashree R B)

((NithyashreeRB@thomsonreuters.com;))

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