08:21 AM EDT, 08/08/2024 (MT Newswires) -- Sealed Air ( SEE ) reported Q2 adjusted earnings Thursday of $0.83 per diluted share, up from $0.80 a year earlier.

Analysts polled by Capital IQ expected $0.64.

Net sales for the quarter ended June 30 were $1.35 billion, down from $1.38 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.31 billion.

The company said it expects Q3 adjusted EPS of $0.67. Analysts polled by Capital IQ expect $0.72. Net sales for the quarter are projected to be $1.33 billion. Analysts surveyed by Capital IQ expect $1.36 billion.

Sealed Air ( SEE ) said it continues to expect 2024 adjusted EPS of $2.65 to $3.05. Analysts polled by Capital IQ expect $2.90.

Net sales for the year are still projected to be between $5.20 billion and $5.60 billion, the company said. Analysts surveyed by Capital IQ expect $5.40 billion.

Shares of the company were up 1.1% in recent Thursday premarket activity.

Price: 34.75, Change: +0.37, Percent Change: +1.08