Packaging Corp of America falls on Q4 profit miss

Packaging of America

29/01/2025 15:30

** Shares of Packaging Corp of America  PKG.N  fell as much
as 7.8% to a nearly three-month low of $219.93
    ** Co, on Tuesday after market close, reported Q4 profit
that missed analysts' estimates, hurt by seasonally slower
demand from its paper products segment
    ** Q4 adj EPS $2.47 vs. estimates of $2.53 - LSEG
    ** However, Q4 net sales rose ~11% to $2.15 billion above
estimates of $2.13 billion
    ** PKG rose ~38% in 2024

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))