O-I Glass Raises Q2 EPS Guidance By Investing.com

By Davit Kirakosyan

O-I Glass, Inc. (NYSE:) offered a enterprise replace for Q2/22, anticipating its adjusted EPS to exceed its earlier steering vary.

In response to Andres Lopez, the CEO of the corporate, Q2 is progressing very properly, with glass container shipments rising 1% quarter-to-date by means of Could, which is in keeping with the corporate’s estimate of low, single digit development.

The corporate now expects Q2 adjusted EPS to exceed $0.65, in comparison with its most up-to-date steering vary of $0.55–$0.60, reflecting extra favorable working efficiency and better web worth. The Wall Road consensus is $0.58.