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Packaging Corp. Is Worst Stock in S&P 500 Today After Earnings. Here’s Why.
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Packaging Corp. of America stock was the worst performer in the on Wednesday after the container products company said it expects various headwinds in the first quarter of 2025. Shares of Packaging closed down 9.8% to $215.12, marking the largest same-day percentage decrease since Sept. 16, 2022, according to Dow Jones Market Data. Adjusted earnings of $2.47 a share were below the FactSet consensus estimate of $2.53, while revenue increased 11% to $2.15 billion, better than Wall Street’s call for $2.13 billion.
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