Packaging Corp. of America Q2 Income Rises 22%

(RTTNews) - Packaging Corp. of America (PKG) released a profit for its second quarter that rose compared to the same period last year.

The company said its bottom line advanced to $143.6 million, or $1.52 per share. This was up from $117.7 million, or $1.25 per share, in last year's second quarter.

Analysts had expected the company to earn $1.47 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 11.3% to $1.58 billion. This was up from $1.42 billion last year.

Packaging Corp. of America earnings at a glance:

-Earnings (Q2): $143.6 Mln. vs. $117.7 Mln. last year. -Earnings Growth (Y-o-Y): 22.0% -EPS (Q2): $1.52 vs. $1.25 last year. -EPS Growth (Y-o-Y): 21.6% -Analysts Estimate: $1.47 -Revenue (Q2): $1.58 Bln vs. $1.42 Bln last year. -Revenue Change (Y-o-Y): 11.3%