CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Sealed Air Corp. (SEE) on Tuesday reported fourth-quarter profit of $124 million.

On a per-share basis, the Charlotte, North Carolina-based company said it had net income of 86 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 88 cents per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.

The packaging company posted revenue of $1.38 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $1.37 billion.

For the year, the company reported profit of $341.6 million, or $2.36 per share. Revenue was reported as $5.49 billion.

Sealed Air expects full-year earnings in the range of $2.65 to $3.05 per share, with revenue in the range of $5.2 billion to $5.6 billion.

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