Owens manufacturers glass containers for different food and beverage brands. The company produces glass packaging for food, cosmetics, pharmaceuticals, and beverages. Owens-Illinois Inc (NYSE:OI) reported a net income of $0.80 per share for the second quarter of the year, which is slightly below $0.81 for the same period of last year. The net sales of the company slightly grew to $1.80 billion from $1.78 billion. Despite solid results, the stock price of Owens-Illinois Inc (NYSE:OI) declined by over 21% since the beginning of the year. In fact, the decline is one of the largest in the packaging & containers industry, which overall has returned around 2% year-to-date. However, the company trails a P/E of 24.00, which is above the industry average of 19.00. For the current year, analysts expect the company to post EPS of $2.72 per share, which is above $2.72 reported for the last year. In addition, the revenue outlook for the current year stands at $7.0 billion, which is in line with the last year's result. Disclosure: none