Crown Holdings - Packaging Manufacturer Benefits from Strong Sales of Beverage Cans!
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Business Driver: Crown Holdings (CCK) specializes mainly in carton packaging solutions and beverage cans, allowing it to benefit from the emerging recovery in consumer demand. Recently, dynamic growth was particularly evident in beverage can packaging in Europe, which significantly contributed to the strong performance in the past Q3. On October 20, Crown Holdings surprised with better than expected Q3 results. The adjusted earnings per share came in at $2.24 (+13%), exceeding consensus expectations of $2.00. Additionally, revenue increased...
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