AptarGroup shares were slumping almost 6% Friday after the company reported late Thursday mixed Q2 results, with EPS that beat expectations and revenue that fell short of Wall Street forecasts. The company also issued downside guidance on Q3 EPS. EPS for the quarter was $1.01 compared with $0.91 a year earlier, exceeding the $0.96 average estimate of analysts in a Capital IQ survey.
Net sales totaled $617.8 million, compared with $620.0 million a year earlier, and lower than the $624.7 million expected on average by analysts. Aptar expects Q3 EPS in the range of $0.77 to $0.82 compared to $0.82 per share reported a year earlier, and below the $0.92 per share consensus.