O-I Glass Stock Plunges on Energy Cost Impact
O-I Glass shares plunged after the company cut its earnings guidance, citing the significant impact of higher global energy costs. The revised outlook reflects challenges from a 'Gulf energy shock' affecting its profitability.
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O-I Glass plunges after cutting earnings guidance on higher global energy costs
Read full article →O-I Glass Plunges As Gulf Energy Shock Hits Earnings Outlook
O-I Glass Plunges As Gulf Energy Shock Hits Earnings Outlook Glass bottle and jar company O-I Glass plunged the most in premarket trading in more than six years after it slashed its full-year adjusted EPS outlook, blaming higher energy costs tied to the Gulf-related energy shock. The major glass-container manufacturer, producing bottles and jars for the beer, wine, spirits, beverage, and food-packaging markets, now expects adjusted EPS of $1.00 to $1.50, down sharply from its pr...
By Tyler Durden
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