Meadwestvaco Q3 Earnings Rise - Quick Facts

(RTTNews) - Meadwestvaco Corp (MWV), a packaging and packaging solutions provider, Tuesday posted a rise in its third-quarter profit, as sales from continuing operations grew year-over-year. Net income attributable to the company increased to $106 million or $0.61 per share from $80 million or $0.44 per share last year. Income from continuing operations attributable to the company rose to $105 million or $0.60 per share from $61 million or $0.34 per share last year. Excluding special items, the income was $109 million or $0.63 per share. On average, 11 analysts polled by Thomson Reuters expected the company to report earnings of $0.54 per share for the quarter. Analysts' estimates typically exclude special items. Sales from continuing operations improved to $1.47 billion from $1.38 billion a year ago, helped by increased gains across targeted, higher-value packaging and specialty chemicals end markets. Analysts estimated revenues of $1.44 billion. Looking ahead for the the fourth quarter, the company expects earnings from continuing operations, excluding special items to be above year-ago levels.