O-I is expected to disclose sales of USD 1.76 B for the present financial period
O-I is expected to disclose sales of USD 1.76 B for the present financial period, as per forecasts from six brokerage firms.
Wall Street experts anticipate Owens-Illinois (O-I) to disclose sales of USD 1.76 B for the present financial period. Based on the information from Zacks Research Investment analysis, six brokerage firms have published forecasts for O-I’s earnings. The lowest sales estimate is USD 1.73 B and the highest is USD 1.78 B. Owens-Illinois also reported sales of USD 1.76 B in the same period previous year.
O-I previously announced its periodic earnings reports at the end of April. The industrial products business posted USD 0.58 EPS for the period, exceeding Zacks’ average forecast of USD 0.53 by USD 0.05. Owens-Illinois had a net profit margin of 2.84% and a ROE of 80.74%. the business reported sales of USD 1.60 B for the period end, compared to the average forecast of USD 1.58 B. For the same quarter last year, the business reported USD 0.48 Earnings Per Share. Owens-Illinois’s sales went up .8% on a YOY basis.
Owens-Illinois, is a manufacturer of glass container products. The firm’s principal product lines are glass containers for the food and beverage industries. The firm’s segments include Europe, North America, Latin America and Asia Pacific. The corporation produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine.