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PackagingCorpofAmerica


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BofA expects a flat earnings season for packaging and paper stocks, with some green shoots

BUZZ-BofA expects a flat earnings season for packaging and paper stocks, with some green shoots ** Bank of America provides mixed outlook for packaging and paper stocks, on expectations of relatively flat earnings but with some green shoots on the horizon ** Brokerage expects weaker valuations after a couple of disappointing quarters, sequential vo
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S&P 500 top and bottom performing stocks at about 12:00 p.m. EDT

BUZZ - S&P 500 top and bottom performing stocks at about 12:00 p.m. EDT S&P 500 .SPX Top Performers Percent Change Schlumberger NV SLB.N +3.5% Packaging Corp of America PKG.N +3.3% Baker Hughes Co BKR.OQ +3.3% Ford Motor Co F.N +3.2% APA Corp (US) APA.OQ +3.2% Bottom Performers Percent Change Resmed Inc RMD.N -11.1% Super Micro Computer Inc SMCI.OQ
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U.S. STOCKS Block, Meta, Eos Energy

BUZZ-U.S. STOCKS ON THE MOVE-Block, Meta, Eos Energy Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The Nasdaq slipped on Monday, dragged down by weakness in Nvidia and other chip stocks, while investors geared up for a key inflation print this week that could further shape bets over the timing and quantum of rate cuts.
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Packaging firm Amcor boosts annual profit forecast on higher prices, easing costs

Packaging firm Amcor boosts annual profit forecast on higher prices, easing costs April 30 (Reuters) - Amcor 485.F , AMCR.N lifted the lower end of its prior annual profit forecast range on Tuesday, betting on higher pricing for its containers and cartons as well as easing input costs. Packaging companies including Packaging Corp of America PKG.N and International Paper IP.N have been increasing product prices steadily over the past few years in a bid to protect margins.
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International Paper tops quarterly sales on higher prices, demand rebound

International Paper tops quarterly sales on higher prices, demand rebound April 25 (Reuters) - Packaging company International Paper IP.N beat Wall Street's expectations for first-quarter sales on Thursday, capitalizing on higher prices, improved production and a rebound in demand for its products. Initially buoyed by a surge in online shopping during the pandemic, paper and packaging firms faced a slowdown when economies reopened.
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Packaging Corp falls on profit forecast miss

BUZZ-Packaging Corp falls on profit forecast miss ** Paper and packaging company Packaging Corp of America's shares PKG.N fall 3.4% to $173.17 in extended trading ** Co forecasts Q2 earnings of $2.07 per share, below analysts' average estimate of $2.22 per share - LSEG data ** Q1 adjusted EPS/shr fell to $1.72 from $2.20 a year earlier, but exceede
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Packaging Corp beats first-quarter results on higher pricing

Packaging Corp beats first-quarter results on higher pricing April 22 (Reuters) - Packaging Corp of America PKG.N beat Wall Street estimates for quarterly revenue on Monday, boosted by higher prices, improved production and a recovery in demand for its corrugated packaging products. Paper and packaging companies benefited from a surge in sales of goods and e-commerce retail during the pandemic, but their fortunes faded with economies reopening, leading to a year-long slowdown in demand.
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Packaging Corp of America reports results for the quarter ended in March - Earnings Summary

Packaging Corp of America reports results for the quarter ended in March - Earnings Summary Packaging Corp of America PKG.N reported quarterly adjusted earnings of $1.72​​ per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of $2.20. The mean expectation of seven analysts for the quarter was for earnings of $1.68 per share.
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Packaging Corp Q1 Adjusted EPS USD 1.72 Vs. IBES Estimate USD 1.68

BRIEF-Packaging Corp Q1 Adjusted EPS USD 1.72 Vs. IBES Estimate USD 1.68 Apr 22 (Reuters) - Packaging Corp Q1 net income USD 146.9 million vs. IBES estimate USD 149.7 million. Q1 gross profit USD 370.4 million Q1 operating income USD 196 million Q1 EPS USD 1.63 Q1 pretax profit USD 187.5 million vs. IBES estimate USD 203.6 million Q1 sales USD 1,979.5 million vs.
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Big Tech swoons as Q1s lurk, Nvidia decimated

MORNING BID AMERICAS-Big Tech swoons as Q1s lurk, Nvidia decimated A look at the day ahead in U.S. and global markets from Mike Dolan The so-called 'Magnificent 7' of U.S. megacap tech stocks has retreated sharply as first-quarter earnings updates kick off this week, with AI-chip star Nvidia NVDA.O swooning 10% on Friday after a nervy week for the sector.
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Packaging Corp of America <PKG.N> expected to post earnings of $1.68 a share - Earnings Preview

Packaging Corp of America expected to post earnings of $1.68 a share - Earnings Preview Packaging Corp of America PKG.N , PKG is expected to show a fall in quarterly revenue when it reports results on April 22 for the period ending March 31 2024 The Lake Forest Illinois-based company is expected to report a 3.4% decrease in revenue to $1.909 billion from $1.98 billion a year ago, according to the mean estimate from 6 analysts, based on LSEG data.
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