2023-01-25 22:21:15

Packaging Corporation of America Q4 Profit Beats Estimates

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By Rtt News

(RTTNews) - Packaging Corporation of America (PKG) reported earnings for fourth quarter that beat the Street estimates.

The company's bottom line came in at $211.7 million, or $2.31 per share. This compares with $216.5 million, or $2.28 per share, in last year's fourth quarter.

Excluding items, Packaging Corporation of America reported adjusted earnings of $215.1 million or $2.35 per share for the period.

Analysts on average had expected the company to earn $2.23 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

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