Berry Global Group (NYSE:BERY) reported its Q2 earnings results on Thursday, May 5, 2022 at 07:00 AM.

Here's what investors need to know about the announcement.

Earnings

Berry Global Group beat estimated earnings by 9.04%, reporting an EPS of $1.93 versus an estimate of $1.77.

Revenue was up $405.00 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.11 which was followed by a 3.12% drop in the share price the next day.

Here's a look at Berry Global Group's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Berry Global Group management provided guidance for FY 2022, expecting earnings between $7.2 and $7.7 per share.

To track all earnings releases for Berry Global Group visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.