10:48 AM EDT, 05/02/2024 (MT Newswires) -- Sealed Air ( SEE ) shares rose 6.3% in recent trading on Thursday, after the company's Q1 adjusted earnings and net sales exceeded consensus.

The company reported Q1 adjusted earnings Thursday of $0.78 per diluted share, up from $0.74 a year earlier.

Analysts surveyed by Capital IQ expected $0.53.

Net sales for the quarter ended March 31 was $1.33 billion, down from $1.35 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.28 billion.

The company reaffirmed its full-year 2024 adjusted EPS to be in a range of $2.65 to $3.05 on revenue of $5.2 billion to $5.6 billion.

Analysts surveyed by Capital IQ expect adjusted EPS of $2.84 on revenue of $5.38 billion.

Price: 34.13, Change: +2.03, Percent Change: +6.31