Packaging Corp.: Q2 Earnings Snapshot

Associated Press Finance
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LAKE FOREST, Ill. (AP) — LAKE FOREST, Ill. (AP) — Packaging Corp. of America (PKG) on Monday reported second-quarter earnings of $202.7 million.

The Lake Forest, Illinois-based company said it had profit of $2.24 per share. Earnings, adjusted for non-recurring costs, came to $2.31 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.95 per share.

The maker of containerboard and corrugated packaging products posted revenue of $1.95 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $1.98 billion.

For the current quarter ending in September, Packaging Corp. expects its per-share earnings to be $1.88.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PKG at https://www.zacks.com/ap/PKG

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