Packaging Corp. Of America Q3 Profit Up

(RTTNews) - Packaging Corp. of America (PKG) Wednesday reported third-quarter net income of $207 million or $2.18 per share, up from $139.1 million or $1.47 per share last year.

Adjusted earnings for the quarter were $211 million or $2.23 per share. Analysts had expected the company to earn $2.15 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose to $1.81 billion from $1.64 billion last year. Analysts had a consensus revenue estimate of $1.77 billion.

Looking forward to the fourth quarter, the company expects earnings of $2.15 per share. Analysts currently expect earnings of $2.12 per share.