WestRock rises after Q2 adjusted profit beat

Smurfit Kappa

02/05/2024 12:16

** Shares of packaging company WestRock  WRK.N  up 5.8% at
$50.68 premarket
    ** Co's Q2 profit tops estimates
    ** European rival Smurfit Kappa Group  SKG.I , which agreed
to buy WestRock in an $11 billion deal last year, also reported
Q1 results on Wednesday that cheered investors with sequential
rise in core profit
    ** WRK's Q2 adjusted EPS of 39 cents topped estimates of 23
cents - LSEG
    ** As of last close, WRK shares up 15.4% YTD

 (Reporting by Juveria Tabassum in Bengaluru)
 ((Juveria.Tabassum@thomsonreuters.com;))