Packaging Corporation Of America Beats Top And Bottom Line Estimates

Packaging Corporation of America (NYSE:

) released its Q2 earnings results on Monday after the closing bell. The company reported adjusted earnings of $39.6 million or $0.39 per share, compared to $39.1 million or $0.38 per share, in the year ago quarter. This compared to Wall Street analysts' consensus EPS estimates of $0.35. Revenues came in at $665.5 million versus $615.5 million in last year's corresponding quarter. This compared to analysts' consensus revenue estimates of $632.21 million. Looking ahead, PKG sees third quarter EPS of $0.43 per share, which is below current consensus EPS estimates of $0.50. In the after hours trading session, PKG shares have gained 0.33% to $27.20.