Actionable news
0
All posts from Actionable news
Actionable news in SEE: SEALED AIR Corp,

Sealed Air (SEE) Stock Slumping on Mixed Q1 Results

NEW YORK (TheStreet) -- Shares of Sealed Air (SEE - Get Report) are diving by 7.14% to $48.91 on heavy trading volume on Thursday afternoon, following weaker-than-expected revenue for the 2016 first quarter.

Before today's market open, the Charlotte, NC-based packaging company reported revenue of $1.59 billion, lower than Wall Street's expectations of $1.61 billion.

Adjusted earnings of 50 cents per share surpassed analysts' estimates of 48 cents per share.

Back by Popular Demand…“Confessions of a Street Addict” Get a FREE signed copy of Jim Cramer’s national best-seller when you gain access to his multi-million dollar charitable trust portfolio! Click here to see Jim’s holdings and get your FREE gift.

Net sales fell by 8.9% on an as reported basis and 2.4% on a constant dollar basis from last...


More