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Investing.com - Ball Corporation (NYSE:BALL) reported first-quarter earnings and revenue that surpassed analyst expectations, with shares rising 1.06% in response to the results.
The global aluminum packaging company posted adjusted earnings per share of $0.76 for the first quarter, beating the analyst consensus of $0.71 by $0.05. Revenue came in at $3.1 billion, exceeding the estimated $2.9 billion and representing a YoY increase.
"Our global business performance remains strong, and we are well positioned to meet or exceed our stated financial goals," said Howard Yu, executive vice president and chief financial officer.
Ball Corporation’s CEO expressed confidence in the company’s outlook, reaffirming guidance for 11-14% comparable diluted earnings per share growth in 2025.
The company cited its strong start to the year and momentum from first-quarter performance as key factors supporting this projection.
Regarding trade concerns, Ball stated that the direct impact from announced tariffs is manageable, with efforts underway to mitigate the effects of volatility in aluminum premium prices.
The company’s strategy of local sourcing and manufacturing helps reduce exposure to international trade fluctuations.
The company’s shares edged up 1.06% following the earnings release, indicating a mildly positive market reaction to the results.
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