LAKE FOREST, Ill. (AP) _ Packaging Corp. of America (PKG) on Wednesday reported second-quarter profit of $193.6 million.
On a per-share basis, the Lake Forest, Illinois-based company said it had net income of $2.04.
The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of $2.04 per share.
The maker of containerboard and corrugated packaging products posted revenue of $1.76 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $1.8 billion.
Packaging Corp. shares have climbed 23% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $102.25, a fall of 12% in the last 12 months.