India, Feb. 4 -- Packaging solutions provider Berry Global Group, Inc. (BERY) Tuesday announced a fall in the first quarter earnings, reflecting the impact of discontinued operations. On a per share basis, earnings beat estimates. Revenues increased slightly, compared to the prior year. Berry Global expects the combination with Amcor in the middle of the calendar year 2025, and the sale of Tapes business closing in early February.
The company reaffirmed fiscal year 2025 guidance and continues to project low-single digit volume growth.
In the initial hours, shares are at $70.26, up 5.13 percent on a volume of 212,198 shares.
First quarter profit was $14 million, down from $59 million last year. On a per share basis, earnings declined to $...