11:10 AM EDT, 08/16/2024 (MT Newswires) -- (Updates with the latest stock movement in the headline and the first paragraph.)

Amcor ( AMCCF ) shares fell more than 6% in recent Friday trading after it posted lower fiscal Q4 net sales from a year earlier that also missed analysts' forecast.

The company reported fiscal Q4 adjusted earnings late Thursday of $0.211 per diluted share, up from $0.193 a year earlier.

Analysts polled by Capital IQ expected $0.21.

Net sales for the quarter ended June 30 were $3.54 billion, down from $3.67 billion a year earlier.

Analysts surveyed by Capital IQ expected $3.63 billion.

The company said that for fiscal 2025 it expects adjusted EPS between $0.72 and $0.76. Analysts polled by Capital IQ expect $0.75.

Price: 10.18, Change: -0.67, Percent Change: -6.22