Ball Swings to Third-Quarter Loss as One-Time Charges Offset Sales Growth
Ball reported a $94 million loss, or 36 cents a share, compared with earnings of $321 million, or $1.18 a share, a year earlier. Higher shipments and sales were offset by one-time charges.
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11:46:26 AM UTC
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WASHINGTON (dpa-AFX) - Tuesday, Ball Corp. (BALL) announced its third-quarter financial results, reporting a net loss of $94 million, or $0.36 per share, compared with earnings of $321 million, or $1.18 per share, in the previous year.The company slipped to a loss mainly due to a $475 million non-c…
By Rob CurranAluminum-can maker Ball swung to a third-quarter loss despite higher shipments and sales as one-time charges weighed.Ball posted a loss of $94 million, or 36 cents a share, in contrast to earnings of $321 million, or $1.18 a share, a year earlier.Stripping out certain one-off items suc…