Shares of Amcor PLC rose 4.7% on the Australian Securities Exchange on Friday, recovering after the packaging giant's first-quarter results disappointed investors in New York.

Amcor's ASX-listed shares gained A$2.90 to A$65.01, after trading between A$64.97 and A$65.95. About 1.4 million shares changed hands, valuing the company's ASX line at roughly A$8.5 billion.

The rebound followed a sharp drop in the U.S. Amcor's NYSE-listed shares fell 6.89% after the results.

Revenue beats, earnings miss

The quarterly figures were mixed. Net sales rose 7% to $6.129........

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