LAKE FOREST, Ill. (AP) — LAKE FOREST, Ill. (AP) — Packaging Corp. of America (PKG) on Monday reported first-quarter net income of $190.1 million.
The Lake Forest, Illinois-based company said it had net income of $2.11 per share. Earnings, adjusted for non-recurring costs, were $2.20 per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.27 per share.
The maker of containerboard and corrugated packaging products posted revenue of $1.98 billion in the period, also falling short of Street forecasts. Five analysts surveyed by Zacks expected $2.08 billion.
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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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