Greif posts jump in 3Q profit, sales

For the three months ended July 31, the company earned $64.6 million, or $1.10 per Class A share, up 32 percent from $48.8 million, or 82 cents per Class A share, in the same period a year earlier.

Excluding items such as restructuring charges, the company earned $1.18 per Class A share in the latest quarter.

Revenue rose 18 percent to $1.03 billion from $874.2.

Analysts, on average, were expecting a profit of $1.13 per share, according to a poll by Thomson Reuters. Analysts typically exclude one-time items from their estimates.

The quarter's results "benefited from our business system and geographic diversity, which mitigated the impact of sharp increases in raw material and other input costs," said Michael J. Gasser, chairman and chief executive, in a statement.

Shares jumped $3.40, or 5.3 percent, to $67.15 in after-hours electronic trading. The stock had closed up 55 cents at $63.75.