reynolds consumer products inc reyn shares fell 55 in thursday premarket trading after the company narrowed its guidance as higher costs take a toll net income totaled 66 million or 31 cents per share down from 113 million or 54 cents per share last year adjusted eps of 33 cents beat the factset consensus of 32 cents revenue of 876 million was down from 797 million and ahead of the factset consensus for 880 million our third round of pricing actions was implemented as planned and a fourth round of pricing goes into effect in early 2022 said chief executive lance mitchell in a statement reynolds consumer brands include reynolds foil reynolds wrap hefty items and presto products the company expects 2021 cost pressures to total 450 million up from the previous expectation of 400 million as a result the company narrowed its eps guidance to a range of 147 to 154 and adjusted eps in the range of 153 to 160 revenue is expected to grow in the highsingle digits the factset consensus is for eps of 158 and revenue of 3495 billion suggesting 71 growth rates for resin have not eased since july as forecasted and aluminum rates are higher versus july levels the company said labor and logistics costs have also exceeded forecasts since july for the fourth quarter reynolds is guiding for revenue growth in the midtohigh teens eps in the range of 042 to 049 and adjusted eps in the range of 044 to 051 the factset revenue consensus is for 9812 million implying 105 growth and eps of 50 cents reynolds stock has fallen 56 for the year to date while the sp 500 index spx is up 24 for the period