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Ball Corp. (BLL) Stock Gains on Q2 Earnings Beat

NEW YORK (TheStreet) -- Shares of Ball Corporation (BLL) were climbing 9.39% to $76.68 late Thursday morning after the company posted mixed 2016 second-quarter results but provided an upbeat outlook given its recent acquisition of Rexam (REXMY).

Before Thursday's market open, the Broomfield, CO-based metal packaging company reported adjusted earnings of $1.05 per share, up 18% year-over-year and beating estimates on Wall Street of 99 cents per share.

Revenue for the period was $2.03 billion, lower than analysts' projected $2.15 billion.

Ball completed an...