RockTenn Q2 Profit Down

(RTTNews) - RockTenn Co. (RKT) Monday reported second-quarter net income of $82.8 million or $1.13 per share, compared to $324.7 million or $4.45 per share last year.

Adjusted earnings per share for the quarter were $1.27 per share, up from $1.12 per share last year. On average, 14 analysts polled by Thomson Reuters expected the company to earn $1.51 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the second quarter rose to $2.39 billion from $2.32 billion last year. Analysts estimated revenues of $2.40 billion for the quarter.