LAKE FOREST, Ill. (AP) — LAKE FOREST, Ill. (AP) — Packaging Corp. of America (PKG) on Monday reported third-quarter net income of $183.2 million.
The Lake Forest, Illinois-based company said it had profit of $2.03 per share. Earnings, adjusted for non-recurring costs, came to $2.05 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.92 per share.
The maker of containerboard and corrugated packaging products posted revenue of $1.94 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $1.96 billion.
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This story was generated by Automated Insights (https://ift.tt/2d1eCBX) using data from Zacks Investment Research. Access a Zacks stock report on PKG at https://ift.tt/edG46CH
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October 24, 2023 at 03:57AM
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Packaging Corp.: Q3 Earnings Snapshot - Quartz
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