Berry Global Group EPS Doubles, Revenue Rises in Q1 Fiscal 2021; Shares Rise Pre-Bell
07:56 AM EST, 02/05/2021 (MT Newswires) -- Berry Global Group (BERY) reported adjusted diluted EPS of $1.12 for Q1 of fiscal 2021, compared with $0.56 a year earlier. The consensus estimate among analysts polled by Capital IQ had been for EPS of $0.97.
Quarterly revenue for the manufacturer of plastic packaging products was $3.14 billion, compared with $2.82 billion in Q1 of fiscal 2020. The analysts' consensus forecast was for revenue of $2.91 billion.
The company said it is increasing the range of its operating EBITDA for fiscal year 2021 by $25 million to a new range of $2.175 to $2.225 billion.
Shares of Berry Global are up more than 3% in premarket trading.
Price: 54.00, Change: +1.64, Percent Change: +3.13