Shares of Sonoco Products SON moved higher by 0.1% in pre-market trading after the company reported Q2 results.
Earnings per share were down 16.84% over the past year to $0.79, which beat the estimate of $0.78.
Revenue of $1,245,000,000 decreased by 8.46% from the same period last year, which missed the estimate of $1,320,000,000.
Sonoco projects Q3 base EPS to be in a range of $0.73 to $0.83.
Company's 52-week high was at $65.11
Company's 52-week low was at $37.30
Price action over last quarter: Up 7.48%
Over its 100-year-plus history, Sonoco Products has steadily assembled a diverse portfolio of industrial and consumer packaging product offerings such as flexible and rigid plastics, reels and spools, pallets, and composite cans. The company serves a variety of consumer and industrial end markets throughout North America. Sonoco has raised its dividend each year for more than 30 years.
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