Crown Holdings beats Q3 estimates but guides Q4 EPS below consensus; shares fall ~6% after hours, Ball Corp slips
What happened
Crown Holdings (CCK) reported third-quarter profit of $225 million ($2.08 a share), up from $214 million ($1.85) a year earlier. Adjusted EPS of $2.39 beat the FactSet consensus of $2.26, and revenue rose to $3.71 billion from $3.2 billion, ahead of the $3.46 billion expected, on global beverage-can volumes up more than 6% (double-digit growth in Asia, 6% in North America, 4% in Europe). But management guided fourth-quarter adjusted EPS to $1.63–$1.73, below the $1.80 consensus, and narrowed full-year adjusted EPS guidance to $8.35–$8.45. Shares fell about 6% in after-hours trading to $108.25, and peer Ball Corp slipped 1.4% in sympathy.
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Who’s affected
- Crown Holdings (CCK): ~$12.4B market cap; -6% after hours on the Q4 guidance miss
- Ball Corp (BALL): -1.4% after hours in sympathy; faces the same input-cost and volume questions
- Packaging/materials (XLB): tariff and input-cost read-through for the sector
- Consumer staples indirectly: soft Q4 beverage-can guide hints at cautious packaged-goods volumes into year-end