Sonoco: Q2 Earnings Snapshot

HARTSVILLE, S.C. (AP) — HARTSVILLE, S.C. (AP) — Sonoco Products Co. (SON) on Monday reported second-quarter earnings of $114.6 million.

The Hartsville, South Carolina-based company said it had profit of $1.16 per share. Earnings, adjusted for non-recurring costs, were $1.38 per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.50 per share.

The packaging maker posted revenue of $1.71 billion in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $1.83 billion.

For the current quarter ending in September, Sonoco expects its per-share earnings to range from $1.25 to $1.35.

The company expects full-year earnings in the range of $5.10 to $5.40 per share.

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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 SON at https://www.zacks.com/ap/SON