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Nov 1 (Reuters) – Packaging products maker AptarGroup Inc
posted lower quarterly results, hurt by a strong dollar
and soft demand for its products, and the company forecast a
weak fourth-quarter profit.
Aptar forecast earnings of 53 cents to 58 cents per share
for the current quarter. Analysts were expecting a profit of 62
cents per share, according to Thomson Reuters I/B/E/S.
The company’s third-quarter profit fell to $42.1 million, or
62 cents per share, from $49.3 million, or 72 cents per share, a
year earlier.
Sales fell 2 percent to $589.6 million.
Shares of the Crystal Lake, Illinois-based company closed up
4 percent at $53.13 on Thursday on the New York Stock Exchange.
