Sealed Air Corp. Q1 adjusted earnings Beat Estimates

(RTTNews) - Sealed Air Corp. (SEE) revealed earnings for its first quarter that rose from last year.

The company's bottom line totaled $126.6 million, or $0.82 per share. This compares with $57.5M, or $0.37 per share, in last year's first quarter.

Excluding items, Sealed Air Corp. reported adjusted earnings of $113.4M or $0.73 per share for the period.

Analysts had expected the company to earn $0.58 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.4% to $1.17 billion from $1.11 billion last year.

Sealed Air Corp. earnings at a glance:

-Earnings (Q1): $113.4M. vs. $92.2 Mln. last year. -EPS (Q1): $0.73 vs. $0.59 last year. -Analysts Estimate: $0.58 -Revenue (Q1): $1.17 Bln vs. $1.11 Bln last year.