Ball second-quarter profit increases 61 percent, beats forecast

MarketsAssociated Press

Ball Corp. (BLL) on Thursday reported net income that climbed by 61 percent in its second quarter, and topped analysts' expectations.

The Broomfield, Colorado-based company said net income increased to $153.1 million, or $1.07 per share, from $95.1 million, or 63 cents per share, in the same quarter a year ago.

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Earnings, adjusted for non-recurring costs, came to $1.13 per share. The average per-share estimate of analysts surveyed by Zacks Investment Research was for profit of $1.02.

The company said revenue climbed 4.1 percent to $2.29 billion from $2.2 billion in the same quarter a year ago, and beat Wall Street forecasts. Analysts expected $2.25 billion, according to Zacks.

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This story was generated automatically by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Full BLL report: http://www.zacks.com/ap/BLL

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