AptarGroup Q3 Profit Falls to $32.6 Million, Revenue Up 6%

AptarGroup Inc. (ATR) reported a sharp decline in third-quarter earnings, with net income falling to $32.60 million, or $0.51 per share, from $127.93 million, or $1.92 per share, a year earlier. Excluding items, the company posted adjusted earnings of $97.70 million, or $1.52 per share. Revenue rose 6.0% to $1.019 billion from $961.13 million last year. The company guided next-quarter EPS to a range of $1.39 to $1.47.