HARTSVILLE, S.C. (AP) — HARTSVILLE, S.C. (AP) — Sonoco Products Co. (SON) on Thursday reported third-quarter net income of $50.9 million.
The Hartsville, South Carolina-based company said it had net income of 51 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, were $1.49 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share.
The packaging maker posted revenue of $1.68 billion in the period.
For the current quarter ending in December, Sonoco expects its per-share earnings to range from $1.15 to $1.35.
The company expects full-year earnings in the range of $5.05 to $5.25 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
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