Packaging Corporation Of America Q4 Profit Increases, But Misses Estimates

(RTTNews) - Packaging Corporation of America (PKG) announced a profit for its fourth quarter that increased from the same period last year but missed the Street estimates.

The company's earnings totaled $221.1 million, or $2.45 per share. This compares with $189.2 million, or $2.10 per share, last year.

Excluding items, Packaging Corporation of America reported adjusted earnings of $222.4 million or $2.47 per share for the period.

Analysts on average had expected the company to earn $2.53 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 10.8% to $2.146 billion from $1.937 billion last year.

Packaging Corporation of America earnings at a glance (GAAP) :

-Earnings: $221.1 Mln. vs. $189.2 Mln. last year. -EPS: $2.45 vs. $2.10 last year. -Revenue: $2.146 Bln vs. $1.937 Bln last year.