In This Article:
LAKE FOREST, Ill. (AP) — LAKE FOREST, Ill. (AP) — Packaging Corp. of America (PKG) on Tuesday reported fourth-quarter net income of $221.1 million.
The Lake Forest, Illinois-based company said it had profit of $2.45 per share. Earnings, adjusted for non-recurring costs, were $2.47 per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.51 per share.
The maker of containerboard and corrugated packaging products posted revenue of $2.15 billion in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $2.13 billion.
For the year, the company reported profit of $805.1 million, or $8.93 per share. Revenue was reported as $8.38 billion.
_____
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