Ball Corporation Reveals 11% Drop In Q1 Bottom Line

(RTTNews) - Ball Corporation (BLL) reported earnings for first quarter that retreated compared to the same period last year.

The company said its earnings came in at $86 million, or $0.58 per share. This was lower than $97 million, or $0.69 per share, in last year's first quarter.

Analysts had expected the company to earn $0.68 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 8.9% to $1.75 billion. This was down from $1.92 billion last year.

Ball Corporation earnings at a glance:

-Earnings (Q1): $86 Mln. vs. $97 Mln. last year. -Earnings Decline (Y-o-Y): -11.3% -EPS (Q1): $0.58 vs. $0.69 last year. -EPS Decline (Y-o-Y): -15.9% -Analysts Estimate: $0.68 -Revenue (Q1): $1.75 Bln vs. $1.92 Bln last year. -Revenue Change (Y-o-Y): -8.9%