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GPK — Graphic Packaging Holding News Story

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Graphic Packaging climbs after Q1 beat

** Shares of Graphic Packaging GPK.N up 8.6% at $10.39 premarket

** The consumer packaging provider posts Q1 sales of $2.16 billion — above analysts' average estimate of $2.05 billion, per LSEG data

** Q1 adjusted EPS of $0.09 beat estimate of $0.06

** GPK cut more than 500 jobs, plans to divest non-core Croatian assets

** Sales growth was driven by a 1% increase in volume and $50 million favorable foreign exchange impact, partially offset by lower pricing

** As of last close, GPK stock down 36.5% YTD

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))

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