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BUZZ-Crown Holdings shares fall as company expects fourth-quarter profit to miss expectations

BUZZ-Crown Holdings shares fall as company expects fourth-quarter profit to miss expectations

路透社2026/10/19 20:41

- ** Beverage and food can manufacturer Crown Holdings (CCK.N) saw its share price fall 5% in after-hours trading, to $109.02

** Due to rising input cost pressures, the company expects fourth quarter profits to fall short of market expectations

** Adjusted earnings per share for the fourth quarter are expected to be between $1.63 and $1.73, while market expectations were $1.80 per share, according to data compiled by LSEG

** Full-year adjusted earnings per share are expected to be between $8.35 and $8.45, previously forecast to be in the range of $8.30 to $8.50

**However, thanks to strong global beverage can demand, CCK's third-quarter sales and adjusted profits both exceeded market expectations

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(To facilitate non-English speakers, Reuters has automatically translated its reports into several other languages. As automated translations may contain errors or lack necessary context, Reuters does not guarantee the accuracy of the translated text, which is provided solely for reader convenience. Reuters accepts no liability for any damage or loss caused by the use of automated translation functions.)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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