Ball Corp. said its normalized net income for the third quarter came to 41 cents per share, compared with the S&P Capital IQ consensus estimate of 48 cents per share.
EPS decreased 5.9% year over year from 43 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $114.8 million, a decline of 6.7% from $123.0 million in the year-earlier period.
The normalized profit margin dropped to 5.4% from 5.5% in the year-earlier period.
Total revenue fell 6.3% year over year to $2.10 billion from $2.24 billion, and total operating expenses decreased 6.6% year over year to $1.87 billion from $2.00 billion.
Reported net income decreased 69.5% on an annual basis to $45.1 million, or 16 cents per share, from $147.8 million, or 52 cents per share.