LAKE FOREST, Ill. (AP) — LAKE FOREST, Ill. (AP) — Packaging Corp. of America (PKG) on Wednesday reported third-quarter profit of $226.9 million.
The Lake Forest, Illinois-based company said it had net income of $2.51 per share. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, came to $2.73 per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.83 per share.
The maker of containerboard and corrugated packaging products posted revenue of $2.31 billion in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $2.26 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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