Bemis Co Inc. Bottom Line Declines 9% In Q1

(RTTNews) - Bemis Co Inc. (BMS) announced earnings for first quarter that decreased from last year.

The company said its bottom line totaled $51.1 million, or $0.55 per share. This was down from $56.2 million, or $0.59 per share, in last year's first quarter.

Analysts had expected the company to earn $0.65 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.8% to $995.4 million. This was up from $967.9 million last year.

Bemis Co Inc. earnings at a glance:

-Earnings (Q1): $51.1 Mln. vs. $56.2 Mln. last year. -Earnings Decline (Y-o-Y): -9.1% -EPS (Q1): $0.55 vs. $0.59 last year. -EPS Decline (Y-o-Y): -6.8% -Analysts Estimate: $0.65 -Revenue (Q1): $995.4 Mln vs. $967.9 Mln last year. -Revenue Change (Y-o-Y): 2.8%

-Guidance: Full year EPS guidance: $2.50 - $2.60