Graham Packaging Climbs 5.8% On Earnings News (GRM)

Shares of York, Pennsylvania-based Graham Packaging Company Inc. GRM are currently up 5.8% at $17.60 per share during Friday afternoon trading. Today's trading range for shares of Graham Packaging Company Inc has been between $16.61 and $17.98 per share. The consensus price target of analysts covering the company's stock is $16.50 per share. Volume of 1.5 million shares is already far above the daily average volume of 331,000 shares. Graham Packaging Company Inc. (GRM) released financial results after the market closed on Thursday that exceeded Wall Street estimates. Graham Packaging Company Inc reported 4th quarter earnings of 75 cents per share, on revenue of $643.9 million. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 16 cents per share, on revenue of $637.15 million. Graham Packaging Company Inc is a worldwide leader in the design, manufacture and sale of technology-based, customized blow molded plastic containers for the branded food and beverage, household, personal care/specialty and automotive lubricants product categories. Read more from Benzinga's Company news.