Oct 28 (Reuters) - Owens-Illinois Inc (NYSE:OI) OI.N :
* O-I REPORTS THIRD QUARTER 2019 RESULTS
* Q3 LOSS PER SHARE $3.69 FROM CONTINUING OPERATIONS
* Q3 SALES $1.67 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.73 BILLION
* Q3 EARNINGS PER SHARE ESTIMATE $0.55 -- REFINITIV IBES DATA
* Q3 ADJUSTED EARNINGS PER SHARE $0.54 EXCLUDING ITEMS
* OWENS-ILLINOIS - IN FACE OF SOFTER THAN EXPECTED DEMAND, ACCELERATING ACTIONS TO CURTAIL CAPACITY AND REDUCE COSTS
* EXPECTS 2019 ADJUSTED EARNINGS OF ABOUT $2.20 - $2.25 PER SHARE
* OWENS-ILLINOIS - QTRLY GLOBAL SALES SHIPMENTS DECLINED APPROXIMATELY 1 PERCENT COMPARED WITH PRIOR YEAR
* ANTICIPATES Q4 2019 ADJUSTED EARNINGS OF APPROXIMATELY $0.45 - $0.50 PER SHARE
* EXPANDING STRATEGIC PORTFOLIO REVIEW TO INCLUDE EVALUATION OF AUSTRALIA AND NEW ZEALAND BUSINESS
* SEES 2019 CAPITAL EXPENDITURES OF APPROXIMATELY $450 MILLION TO $475 MILLION
* OWENS-ILLINOIS - STRATEGIC REVIEW IS ONGOING AND MAY RESULT IN DIVESTITURES, CORPORATE TRANSACTIONS OR SIMILAR ACTIONS
* OVER COURSE OF 2019, CO'S NORTH AMERICA BUSINESS HAS CONTINUED TO EXPERIENCE SIGNIFICANT DECLINES IN BEER CATEGORY SALES
* CO NOW EXPECTS ITS 2019 CASH PROVIDED BY CONTINUING OPERATING ACTIVITIES ABOUT $390 MILLION TO $415 MILLION
* FY2019 EARNINGS PER SHARE VIEW $2.35 -- REFINITIV IBES DATA