Packaging Corporation Of America Beats Top And Bottom Line Estimates

Packaging Corporation of America PKG released its Q2 earnings results on Monday after the closing bell. The company reported adjusted earnings of $39.6 million or $0.39 per share, compared to $39.1 million or $0.38 per share, in the year ago quarter. This compared to Wall Street analysts' consensus EPS estimates of $0.35. Revenues came in at $665.5 million versus $615.5 million in last year's corresponding quarter. This compared to analysts' consensus revenue estimates of $632.21 million. Looking ahead, PKG sees third quarter EPS of $0.43 per share, which is below current consensus EPS estimates of $0.50. In the after hours trading session, PKG shares have gained 0.33% to $27.20.