Sonoco (SON) Misses Q1 EPS by 1c

Sonoco (NYSE: SON) reported Q1 EPS of $0.59, $0.01 worse than the analyst estimate of $0.60. Revenue for the quarter came in at $1.23 billion versus the consensus estimate of $1.21 billion.

First quarter 2016 GAAP results included $.06 per diluted share, after tax, in asset impairment and restructuring expenses. In the first quarter of 2015, the favorable disposition of Fox River-related environmental litigation together with a gain on the sale of two metal ends plants, partially offset by costs related to acquisition and restructuring activities, added $.30 to earnings per diluted share.

For earnings history and earnings-related data on Sonoco (SON) click here.

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