PADUA, Italy (AP) — PADUA, Italy (AP) — Stevanato Group SpA (STVN) on Tuesday reported third-quarter net income of $41.3 million.
The Padua, Italy-based company said it had net income of 15 cents per share. Earnings, adjusted for non-recurring costs, came to 16 cents per share.
The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 16 cents per share.
The maker of glass vials for COVID-19 vaccines posted revenue of $295.4 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $305.2 million.
Stevanato expects full-year earnings in the range of 63 cents to 67 cents per share, with revenue in the range of $1.18 billion to $1.21 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STVN at https://www.zacks.com/ap/STVN