Packaging Corp. of America Bottom Line Drops 8% In Q4

(RTTNews) - Packaging Corp. of America (PKG) revealed a profit for fourth quarter that declined compared to the same period last year.

The company said its bottom line fell to $104.7 million, or $1.08 per share. This was down from $114.4 million, or $1.16 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.03 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.8% to $1.39 billion. This was down from $1.43 billion last year.

Packaging Corp. of America earnings at a glance:

-Earnings (Q4): $104.7 Mln. vs. $114.4 Mln. last year. -Earnings Decline (Y-o-Y): -8.5% -EPS (Q4): $1.08 vs. $1.16 last year. -EPS Decline (Y-o-Y): -6.9% -Analysts Estimate: $1.03 -Revenue (Q4): $1.39 Bln vs. $1.43 Bln last year. -Revenue Change (Y-o-Y): -2.8%

-Guidance: Next quarter EPS guidance: $1.00