On October 20, Pactiv announced that they expect their Q408 EPS to be between $0.46 and $0.52. This is higher than previous analysts estimates of $0.45. The company also revised its FY08 EPS to a range of $1.68 and $1.74 from $1.58 to $1.74.
On April 22, 2008 Pactiv announced that it was lowering its full year 2008 earnings estimates from a range of $2.00 to $2.10 per share to $1.85 to $2.05 per share. The company cited general economic uncertainty as well as higher raw materials costs as the reason for the revision.