Shares of Owens-Illinois Inc (NYSE:OI) ended Tuesday session in green amid volatile trading. The shares closed up +0.50 points or 2.70% at $19.01 with 3.57 million shares getting traded. Post opening the session at $18.52, the shares hit an intraday low of $18.52 and an intraday high of $19.20 and the price vacillated in this range throughout the day. The company has a market cap of $3.13 billion and the numbers of outstanding shares have been calculated to be 185.30 million shares.
Owens-Illinois Inc (OI) manufactures and sells glass containers to food and beverage manufacturers primarily in Europe, North America, Latin America, and the Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. The company is also involved in the production of glass packaging for various food items, soft drinks, teas, juices, and pharmaceuticals. It offers glass containers in a range of sizes, shapes, and colors. The company sells its products directly to customers under annual or multi-year supply agreements, as well as through distributors. Owens-Illinois, Inc. was founded in 1903 and is headquartered in Perrysburg, Ohio.
Shares of VF Corp (NYSE:VFC) ended Tuesday session in red amid volatile trading. The shares closed down -0.51 points or -0.82% at $62.01 with 1.83 million shares getting traded. Post opening the session at $62.36, the shares hit an intraday low of $61.84 and an intraday high of $62.91 and the price vacillated in this range throughout the day. The company has a market cap of $25.92 billion and the numbers of outstanding shares have been calculated to be 417.01 million shares.
VF Corp (VFC) on July 22, 2016 reported financial results for its second quarter ended July 2, 2016. All per share amounts are presented on a diluted basis. This release refers to “currency neutral” and “reported” amounts, terms that are described under the “Currency Neutral – Excluding the Impact of Foreign Currency” paragraph. Reconciliations of GAAP measures to currency neutral amounts are presented in the supplemental financial information included with this release, which identifies and quantifies all excluded items. Unless otherwise noted, currency neutral and reported amounts are the same. This release also refers to both “continuing” and “discontinued” operations amounts, concepts that are described under the “Discontinued Operations – Contemporary Brands” paragraph. Unless otherwise noted, results presented are based on continuing operations.
“Our second quarter results were in line with our expectations, despite a challenging environment with mixed economic and currency conditions around the world,” said Eric Wiseman, VF Chairman and Chief Executive Officer. “Earlier this year, we said we would actively manage our portfolio of brands and we’re doing just that. We expect to deliver on our current 2016 outlook and, as a result of the actions we are taking, be even better positioned to provide the strong long-term returns our shareholders have come to expect.”