Packaging Corp. of America Q2 adjusted earnings Beat Estimates

(RTTNews) - Packaging Corp. of America (PKG) reported earnings for its second quarter that increased from the same period last year.

The company's earnings totaled $186.6 million, or $1.97 per share. This compares with $143.2 million, or $1.52 per share, in last year's second quarter.

Excluding items, Packaging Corp. of America reported adjusted earnings of $197.0 million or $2.08 per share for the period.

Analysts had expected the company to earn $1.97 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.0% to $1.77 billion from $1.58 billion last year.

Packaging Corp. of America earnings at a glance:

-Earnings (Q2): $197.0 Mln. vs. $143.6 Mln. last year. -EPS (Q2): $2.08 vs. $1.52 last year. -Analysts Estimate: $1.97 -Revenue (Q2): $1.77 Bln vs. $1.58 Bln last year.