Crown Holdings Inc. (NYSE: CCK) shares fell 5.9% after the packaging manufacturer reported Q3 adjusted EPS of $2.39 and revenue of $3.71 billion, both exceeding analyst expectations. However, the company's Q4 adjusted EPS guidance of $1.63-$1.73, with a midpoint of $1.68, fell short of the $1.79 consensus. Robust global beverage can volumes, up 6%, helped offset rising input costs .
Crown Holdings falls 5% on weak Q4 guidance despite Q3 beat
STREETINSIDER.COMOct 19, 8:19 PM UTC
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