Crown Holdings Reports Better-Than-Expected Q3 Earnings

Core Insights - Crown Holdings, Inc. reported strong third-quarter earnings, with adjusted earnings per share of $2.24, surpassing analyst expectations of $2 [2] - The company's quarterly revenue reached $3.2 billion, exceeding the Street estimate of $3.12 billion [2] Financial Performance - Adjusted diluted earnings per share increased by 13% compared to the previous year, while segment income rose by 4% [3] - The European Beverage segment experienced a significant volume growth of 12%, contributing to a 27% increase in European segment income [4] Market Outlook - Crown Holdings raised its fiscal 2025 adjusted EPS guidance from a range of $7.10 to $7.50 to a new range of $7.70 to $7.80, compared to the analyst estimate of $7.39 [4] - The stock price of Crown Holdings increased by 7.51%, reaching $101 in extended trading [5]