Packaging Corp. of America Reports 6% Gain In Q1 Bottom Line

(RTTNews) - Packaging Corp. of America (PKG) revealed earnings for its first quarter that increased compared to the same period last year.

The company said its bottom line totaled $105.6 million, or $1.11 per share. This was higher than $99.6 million, or $1.01 per share, in last year's first quarter.

Analysts had expected the company to earn $1.01 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.1% to $1.40 billion. This was down from $1.43 billion last year.

Packaging Corp. of America earnings at a glance:

-Earnings (Q1): $105.6 Mln. vs. $99.6 Mln. last year. -Earnings Growth (Y-o-Y): 6.0% -EPS (Q1): $1.11 vs. $1.01 last year. -EPS Growth (Y-o-Y): 9.9% -Analysts Estimate: $1.01 -Revenue (Q1): $1.40 Bln vs. $1.43 Bln last year. -Revenue Change (Y-o-Y): -2.1%