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PackagingCorpofAmerica

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International Paper misses quarterly sales expectations on weak demand

International Paper misses quarterly sales expectations on weak demand July 23 (Reuters) - Packaging company International Paper IP.N missed Wall Street expectations for second-quarter sales on Wednesday, on tepid demand for its corrugated packaging containers. WHY IT'S IMPORTANT The company makes corrugated packaging, cartons of which are used to box commodities ranging from processed food, proteins and beverages to car engines, as well as orders made over e-commerce platforms.
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Packaging Corp of America reports results for the quarter ended in June - Earnings Summary

Packaging Corp of America reports results for the quarter ended in June - Earnings Summary Packaging Corp of America PKG.N reported quarterly adjusted earnings of $2.20​​ per share for the quarter ended in June, lower than the same quarter last year, when the company reported EPS of $2.31. The mean expectation of seven analysts for the quarter was for earnings of $2.14 per share.
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Packaging Corp forecasts upbeat profit on strong demand, higher pricing

Packaging Corp forecasts upbeat profit on strong demand, higher pricing July 23 - Packaging Corporation of America PKG.N forecast third-quarter profit above market estimates, aided by higher pricing and strong demand for its corrugated packaging products. Demand for corrugated packaging and container board is slowly improving from a post-pandemic slowdown that followed a boost from e-commerce and delivery services during lockdowns.
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Packaging Corp Q2 Adjusted EPS USD 2.2 Vs. IBES Estimate USD 2.14

BRIEF-Packaging Corp Q2 Adjusted EPS USD 2.2 Vs. IBES Estimate USD 2.14 Jul 23 (Reuters) - Packaging Corp Q2 net income USD 198.9 million vs. IBES estimate USD 192.3 million. Q2 EPS USD 2.21 Q2 gross profit USD 437.7 million Q2 operating income USD 276 million Q2 pretax profit USD 266.7 million vs. IBES estimate USD 256.1 million Q2 sales USD 2,075.3 million vs.
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Megacaps report, Harris in frame, China wobbles

MORNING BID AMERICAS-Megacaps report, Harris in frame, China wobbles A look at the day ahead in U.S. and global markets from Mike Dolan Monday's Wall Street bounce saw some relief precede the first two earnings reports from the "Magnificent 7" megacap stocks, while U.S. Vice President Kamala Harris looked set to replace Joe Biden as Democrat candidate for November's White House race.
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