Ball Corporation Q2 adjusted earnings Beat Estimates

(RTTNews) - Ball Corporation (BLL) announced a profit for second quarter that dropped from the same period last year.

The company's profit totaled $94 million, or $0.28 per share. This compares with $197 million, or $0.58 per share, in last year's second quarter.

Excluding items, Ball Corporation reported adjusted earnings of $216 million or $0.65 per share for the period.

Analysts had expected the company to earn $0.56 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 7.3% to $2.80 billion from $3.02 billion last year.

Ball Corporation earnings at a glance:

-Earnings (Q2): $216 Mln. vs. $219 Mln. last year. -EPS (Q2): $0.65 vs. $0.64 last year. -Analysts Estimate: $0.56 -Revenue (Q2): $2.80 Bln vs. $3.02 Bln last year.