08:31 AM EDT, 08/07/2024 (MT Newswires) -- Reynolds Consumer Products ( REYN ) reported Q2 earnings Wednesday of $0.46 per diluted share, up from $0.32 a year earlier.

Analysts polled by Capital IQ expected $0.44.

Net revenue for the quarter ended June 30 was $930 million, down from $940 million a year earlier.

Five analysts surveyed by Capital IQ expected $892.7 million.

The company expects Q3 adjusted EPS of $0.39 to $0.43 on revenue of $885 million to $915 million. Analysts polled by Capital IQ expect normalized EPS of $0.40 on revenue of $895.4 million.

For 2024, the company said it now expects adjusted EPS to be between $1.65 and $1.71, up from the prior guidance of between $1.62 and $1.70. Revenue is now projected to be between $3.59 billion and $3.67 billion, compared with the prior guidance of between $3.53 billion and $3.64 billion.

Analysts surveyed by Capital IQ expect full-year normalized EPS of $1.67 on revenue of $3.61 billion.

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