UPDATE 1-Silgan Q3 earnings slip 12 pct

* Q3 EPS ex-items 89 cts vs Wall St view of 90 cts

* Revenues down 1 pct to $1 billion

NEW YORK, Oct 20 (BestGrowthStock) – Consumer goods packager Silgan
Holdings Inc (SLGN.O: ) posted a 12 percent drop in third-quarter
profit, hurt by weaker metal food container sales and costs to
refinance its debt.

Net income for the quarter fell to $65.2 million, or 84
cents per share, from $73.8 million, or 96 cents per share, in
the year-earlier quarter.

Excluding one-time items, earnings were 89 cents per share,
slightly below analysts’ consensus forecast of 90 cents,
according to Thomson Reuters I/B/E/S.

Revenue fell 1 percent to $1.0 billion, but beat analysts’
forecasts of $986 million.

Shares in Silgan slipped 4.6 percent in premarket trade.
(Reporting by Matt Daily, editing by Gerald E. McCormick)

UPDATE 1-Silgan Q3 earnings slip 12 pct