Packaging Corp. of America Q3 Profit Advances 30%

(RTTNews) - Packaging Corp. of America (PKG) released earnings for its third quarter that gained ground from last year.

The company said its bottom line rose to $158.8 million, or $1.68 per share. This was higher than $122.6 million, or $1.30 per share, in last year's third quarter.

Analysts had expected the company to earn $1.68 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 10.8% to $1.64 billion. This was up from $1.48 billion last year.

Packaging Corp. of America earnings at a glance:

-Earnings (Q3): $158.8 Mln. vs. $122.6 Mln. last year. -Earnings Growth (Y-o-Y): 29.5% -EPS (Q3): $1.68 vs. $1.30 last year. -EPS Growth (Y-o-Y): 29.2% -Analysts Estimate: $1.68 -Revenue (Q3): $1.64 Bln vs. $1.48 Bln last year. -Revenue Change (Y-o-Y): 10.8%