By Dean SealShares of Ball Corp. rose after the can maker's fourth-quarter profit grew and adjusted earnings topped analyst projections. The stock was up 7.3% at $59.50 on Thursday, bringing shares into positive territory year-to-date. Per-share adjusted earnings, which strip out one-time items like plant-closure costs, of 78 cents topped analyst forecasts by 4 cents, according to FactSet. Sales fell 4% to $3.4 billion, below the $3.56 billion consensus estimate of analysts polled by FactSet. The company said it is positioned to grow earnings and generate strong free cash flow in 2024.

Source: Wall Street Journal February 02, 2024 00:34 UTC