Amcor: Q2 Earnings Exceed Expectations, Shares Dip - AMCR
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[Para 1: The Lead] Amcor plc (AMCR) reported a fiscal second-quarter profit of $177 million, exceeding Wall Street expectations. Earnings per share were 86 cents, surpassing the 83 cents per share forecast by analysts. [Para 2-3: Supporting details & Context] Revenue stood at $5.45 billion, slightly below the $5.55 billion expected. Despite the revenue miss, Amcor now forecasts full-year earnings between $4 and $4.15 per share. Shares of AMCR have climbed 8% year-to-date, but closed down 6% at $44.92 in the final trading session of the day.
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