Packaging Corp.: Q2 Earnings Snapshot

LAKE FOREST, Ill. (AP) — LAKE FOREST, Ill. (AP) — Packaging Corp. of America (PKG) on Wednesday reported second-quarter net income of $192.1 million.

On a per-share basis, the Lake Forest, Illinois-based company said it had profit of $2.15. Earnings, adjusted for non-recurring costs and restructuring costs, were $2.35 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.31 per share.

The maker of containerboard and corrugated packaging products posted revenue of $2.49 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $2.4 billion.

_____

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