Crown Holdings (CCK) Earnings Miss Estimates in Q4, Rise Y/Y

Crown Holdings, Inc. (CCK) reported fourth-quarter 2023 adjusted earnings per share (EPS) of $1.24, lagging the Zacks Consensus Estimate of $1.42. The bottom line increased 6% year over year but missed the company’s guidance of $1.40-$1.50.Including one-time items, the company reported earnings from continuing operations of 27 cents per share in the quarter under review compared with earnings of 74 cents per share in the prior-year quarter.Net sales in the quarter totaled $2.86 billion, down 5.1% from the y ...