Packaging & Containers Industry
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The Packaging & Containers Industry's Bemis Company (BMS) was InvestorGuide.com's Stock of the Day on 4/11/2005.
Bemis Co. cuts first quarter earnings due to rising costs.
Bemis Co. made an announcement last week that it expected first quarter-diluted earnings per share to be about 25 percent below its previous guidance. In line with their forecast Bemis Co. cut its earnings forecast by 25% Monday, despite an expected rise in sales, as the packaging company said it could not stay ahead of the rapid rise in resin prices in late 2004 and early 2005.Read more
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Bemis Co. cuts first quarter earnings due to rising costs.
Bemis Co. made an announcement last week that it expected first quarter-diluted earnings per share to be about 25 percent below its previous guidance. In line with their forecast Bemis Co. cut its earnings forecast by 25% Monday, despite an expected rise in sales, as the packaging company said it could not stay ahead of the rapid rise in resin prices in late 2004 and early 2005.Read more
Click here to see the complete Stock of the Day archives!
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