WestRock gains on Q2 profit beat

Smurfit Kappa

02/05/2024 15:42

(Updates)
    ** Shares of packaging company WestRock  WRK.N  up 6.2% to a
near two-year high of $50.92
    ** Co's Q2 profit tops estimates on higher prices, easing
input costs and a rebound in demand for its paper packaging
products
    ** European rival Smurfit Kappa Group  SKG.I  also reported
Q1 results on Wednesday that cheered investors with sequential
rise in core profit
    ** WRK's Q2 adjusted EPS of 39 cents exceed estimates of 23
cents - LSEG
    ** As of last close, WRK shares up 15.4% YTD

 (Reporting by Juveria Tabassum and Annett Mary Manoj in
Bengaluru)
 ((Juveria.Tabassum@thomsonreuters.com))