Benzinga | Aug 6, 2020 11:16AM EDT

Sealed Air Earlier Reported Q2 EPS $0.76 Beats $0.57 Estimate, Sales $1.15B Beat $1.09B Estimate; Cuts FY20 Sales Guidance From $4.9B-$4.95B To $4.725B-$4.775B, Reaffirms Adj. EBITDA Guidance $1.01B-$1.03B

Sealed Air (NYSE:SEE) reported quarterly earnings of $0.76 per share which beat the analyst consensus estimate of $0.57 by 33.33 percent. This is a 5 percent decrease over earnings of $0.80 per share from the same period last year. The company reported quarterly sales of $1.15 billion which beat the analyst consensus estimate of $1.09 billion by 5.60 percent. This is a 0.86 percent decrease over sales of $1.16 billion the same period last year.