10 Firms Fall Amid Disappointing Earnings Performance

7. Ball Corp. (NYSE:BALL)

Aluminum manufacturing company Ball Corp.’s share prices dropped 6.9 percent on Tuesday to end at $51.84 apiece after missing revenue expectations for the fourth quarter of 2024.

In its latest earnings release, Ball Corp. said attributable net income in full year 2024 settled at $4.01 billion versus the $707 million registered in 2023.

In the fourth quarter alone, the company swung to a net loss of $32 million versus a $154 million net income in the same period a year earlier.

Revenues for the quarter also came in lower at $2.88 billion versus the $2.95 billion registered year-on-year.

For this year, Ball Corp. said it expects to book a 10-percent growth in comparable diluted earnings per share growth.

In addition, it is looking to enter into a strategic partnership for its aluminum cups business this year after failing to achieve “the level we initially expected.” The strategic partnership is expected to result in the deconsolidation of the business.