LAKE FOREST, Ill. (AP) — LAKE FOREST, Ill. (AP) — Packaging Corp. of America (PKG) on Tuesday reported first-quarter earnings of $203.8 million.
The Lake Forest, Illinois-based company said it had profit of $2.26 per share. Earnings, adjusted for non-recurring costs, were $2.31 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.21 per share.
The maker of containerboard and corrugated packaging products posted revenue of $2.14 billion in the period, meeting Street forecasts.
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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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