Stevanato: Q3 Earnings Snapshot

    PADUA, Italy (AP) — PADUA, Italy (AP) — Stevanato Group SpA (STVN) on Tuesday reported third-quarter earnings of $48.1 million.

    The Padua, Italy-based company said it had profit of 17 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, were 18 cents per share.

    The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.

    The maker of glass vials for COVID-19 vaccines posted revenue of $375.3 million in the period.

    Stevanato expects full-year earnings in the range of 69 cents to 71 cents per share, with revenue in the range of $1.45 billion to $1.47 billion.

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    This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STVN at https://www.zacks.com/ap/STVN

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