Owens-Illinois Quarterly Results In-line With Street View

By Markets MarketWatch Pulse

Owens-Illinois Inc. shares rose 3.6% to $12.75 in the extended session Monday after the glass-container maker met quarterly expectations but forecast a weak outlook. Owens-Illinois reported adjusted earnings of 40 cents a share on revenue of $1.63 billion. Analysts surveyed by FactSet had estimated 40 cents on revenue of $1.62 billion. O-I forecast full-year earnings of $2.10 to $2.25 a share, while analysts expect $2.26 a share.

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