Top 5 Losers Today

2. Crown Holdings, Inc. (NYSE:CCK)

Number of Hedge Fund Holders: 53

Crown Holdings, Inc. (NYSE:CCK) posted lower-than-expected financial results for the third quarter, sending its shares down to a new 52-week low before the opening bell on Tuesday. The packaging solutions provider reported adjusted earnings of $1.46 per share, missing the consensus of $1.79 per share with a big margin.

Revenue came in at $3.259 billion, up from $2.920 billion in the corresponding period of 2021. Analysts expected Crown Holdings, Inc. (NYSE:CCK) to generate revenue of $3.30 billion.

Moving forward, Crown Holdings, Inc. (NYSE:CCK) lowered its profit outlook for the full year, citing currency headwinds and spiking energy costs. The company revised its adjusted earnings guidance to a range of $6.60 – $6.70 per share, compared to its earlier forecast between $8 – $8.20 per share.