Bemis Co Inc. Reports 1% Drop In Q1 Bottom Line

(RTTNews) - Bemis Co Inc. (BMS) reported earnings for first quarter that decreased compared to the same period last year.

The company said its bottom line declined to $56.2 million, or $0.60 per share. This was lower than $57.0 million, or $0.61 per share, in last year's first quarter.

Analysts had expected the company to earn $0.62 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 6.9% to $967.9 million. This was down from $1.04 billion last year.

Bemis Co Inc. earnings at a glance:

-Earnings (Q1): $56.2 Mln. vs. $57.0 Mln. last year. -Earnings Decline (Y-o-Y): -1.4% -EPS (Q1): $0.60 vs. $0.61 last year. -EPS Decline (Y-o-Y): -1.6% -Analysts Estimate: $0.62 -Revenue (Q1): $967.9 Mln vs. $1.04 Bln last year. -Revenue Change (Y-o-Y): -6.9%