Revenue Update on Berry Plastics Group Inc(NYSE:BERY)

Berry Plastics Group Inc(NYSE:BERY) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during Pre-Market on Feb 3, 2017. Company reported revenue of $1.502B. Analysts estimated a revenue of $1.560B. The revenues were -3.72% below the estimates. Earnings per share were $0.5. The reported EPS was above estimates by 6.38%. Analysts had estimated an EPS of $0.47.

Berry Plastics Group Inc (BERY) made into the market gainers list on Tuesdays trading session with the shares advancing 0.24% or 0.12 points. Due to strong positive momentum, the stock ended at $49.53, which is also near the day’s high of $49.63. The stock began the session at $49.29 and the volume stood at 14,48,277 shares. The 52-week high of the shares is $52.97 and the 52 week low is $27.79. The company has a current market capitalization of $6,379 M and it has 12,88,00,000 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 7, 2016, Curt Begle (President) sold 7,808 shares at $48.56 per share price.Also, On Dec 2, 2016, Tom Salmon (President) sold 5,000 shares at $50.56 per share price.On May 25, 2016, Jason K. Greene (EVP – Chief Legal Officer) sold 6,314 shares at $39.02 per share price, according to the Form-4 filing with the securities and exchange commission.

Berry Plastics Group Inc. is engaged in providing plastic consumer packaging and engineered materials. The Company’s products include drink cups thin-wall containers bottles specialty closures prescription vials specialty films adhesives and corrosion protection materials. The Company operates in four operating segments: Rigid Open Top and Rigid Closed Top which sells primarily containers foodservice items closures overcaps bottles prescription containers and tubes; Engineered Materials which sells pipeline corrosion protection solutions tapes and adhesives PE (polyethylene)-based film products and can liners; and Flexible Packaging which sells high barrier multilayer film products as well as finished flexible packages such as printed bags and pouches. The Company sells its solutions into consumer-oriented end-markets such as food and beverage healthcare and personal care.

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