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News  ›  The Motley Fool

Why O-I Glass Stock Was Surging Today

The Motley Fool Logo The Motley Fool By Eric Volkman
Why O-I Glass Stock Was Surging Today

O-I Glass reported strong Q3 earnings, beating analyst estimates with flat net sales and a significant improvement in net income. The company raised its full-year earnings guidance, driving a 14% stock price surge.

Insights
COF   neutral

Reported +53.4% YoY revenue, slightly beating estimates, with modest stock reaction of +1.5%


OI   positive

Reported Q3 net income of $75 million versus previous year's loss, exceeded analyst expectations, raised full-year earnings guidance, and demonstrated improved production efficiency and favorable pricing