LAKE FOREST, Ill. (AP) — LAKE FOREST, Ill. (AP) — Packaging Corp. of America (PKG) on Tuesday reported fourth-quarter earnings of $101.8 million.
The Lake Forest, Illinois-based company said it had profit of $1.13 per share. Earnings, adjusted for non-recurring costs, were $2.32 per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.41 per share.
The maker of containerboard and corrugated packaging products posted revenue of $2.36 billion in the period, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $2.42 billion.
For the year, the company reported profit of $774.1 million, or $8.58 per share. Revenue was reported as $8.99 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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