159395919
Close up of bubble wrap, used for packaging. Photograph by Paul Edmondson — Getty Images

This Bubble Wrap Maker Is Popping Today

Feb 10, 2016

Results from Sealed Air may offer a bit of cushion to fears that we are headed for a recession.

On Wednesday, the maker of bubble wrap and other packaging products reported that its fourth quarter earnings rose more than expected. After trending downward for much of the past six months, the company's shares rose 8% on Wednesday, to nearly $44.

Higher sales in the shipping business is typically considered good news for the economy. Adjusted for one-time charges, Sealed Air (see) made $0.76 per share for the quarter. Analysts had been expecting the company to earn $0.50.

That being said, not all the news from Sealed Air was popping good. The company gave a soft revenue outlook for 2016. It said it expects sales to be $6.8 billion for the year, down from just over $7 billion in 2015.

The Dow Transportation Index, typically considered a bellwether for the economy, is down 6.5% so far this year. Still, that's slightly better than the Dow Jones Industrial Average, which is down by just over 8%.

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions