O-I Glass reports Q3 EPS (4c), consensus 4c

Reports Q3 revenue $1.7B, consensus $1.76B. “Our third-quarter results declined when compared to the strong performance in the prior year period. Lower earnings primarily reflected significant production curtailment as we took decisive action to reduce high inventory levels after several quarters of sluggish demand. Net price was also down which was partially offset by modestly higher shipment levels,” said Gordon Hardie, CEO of O-I Glass (OI).