Sealed Air Corporation (SEE)

Q3 2009 Earnings Call Transcript

October 28, 2009 11:00 am ET

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Question-and-Answer SessionOperator Thank you very much. Operator instructions Once again, as a reminder, we ask that you limit yourself to one question and brief related follow up question so that more questions can be taken during the day. And your first question comes from the line of George Staphos,...

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Cost cuts and higher margins help Sealed Air Corp. push its third-quarter profit higher even as volume declines continue to weigh on results, the maker of bubble wrap and other packaging materials reports.

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Asian Stocks rise as earnings, Japan jobless data, stoke growth optimism.Bank of Japan keeps benchmark rate at 0.1%, stops buying corporate debt.Dollar falls for fourth month against Euro, US growth aids risk demand.Japan central bank forecasts 3 years of deflation as it ends emergency credit steps.[More...]

Sealed Air Corporation (SEE) posted third-quarter EPS of 38 cents, beating the Zacks Consensus Estimate of 33 cents as well as prior-year EPS of 28 cents. Through its stringent cost-control measures and global manufacturing strategy, the company managed to offset the impact of lower sales on its earnings. Net sales declined 11.4% to $1.08 billion from [...]

(SEE) Sealed Air Corporation Keeps Outperforming

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Fidelity has a fund called the Low Priced Stock fund that only contains stocks with a price of below $35 a share which has been successful in the past. Following a similar strategy ValueExpectations.com has published 2 articles containing attractive stocks[More...]

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