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Why Is Beverage Can Maker Crown Stock Soaring On Tuesday?

Benzinga
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Crown Holdings Inc shares traded higher by 7.67% at $ 96.67 at the last check on Tuesday .

The company reported a first-quarter revenue increase of 3.7% year-on-year to $2.89 billion .

The revenue increase reflected higher beverage can shipments in the Americas and Europe Beverage and the pass-through of higher material costs.