Ball Earnings: Here’s Why Shares are Up Now

Ball Corporation (NYSE:BLL) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.25%.

Ball Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 4.49% to $0.85 in the quarter versus EPS of $0.89 in the year-earlier quarter.

Revenue: Decreased 4.09% to $2.2 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Ball Corporation reported adjusted EPS income of $0.85 per share. By that measure, the company missed the mean analyst estimate of $0.85. It missed the average revenue estimate of $2.28 billion.

Quoting Management: “Despite continued weakness in some of our end markets, our second quarter results were largely in line with expectations and we expect improved results as we move into the second half,” said John A. Hayes, chairman, president and chief executive officer.

Key Stats (on next page)…

Revenue increased 10.62% from $1.99 billion in the previous quarter. EPS increased 46.55% from $0.58 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1 to a profit $0.99. For the current year, the average estimate has moved down from a profit of $3.24 to a profit of $3.18 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]