Packaging Corp of America Q3 2024 Adj EPS $2.65 Beats $2.49 Estimate, Sales $2.18B Beat $2.09B Estimate
Portfolio Pulse from Benzinga Newsdesk
Packaging Corp of America (NYSE:PKG) reported Q3 2024 earnings of $2.65 per share, surpassing the $2.49 estimate. Sales reached $2.18 billion, exceeding the $2.09 billion estimate and marking a 12.71% increase from last year.
October 22, 2024 | 8:26 pm
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Packaging Corp of America reported Q3 2024 earnings of $2.65 per share, beating the $2.49 estimate. Sales were $2.18 billion, exceeding the $2.09 billion estimate and showing a 12.71% increase from last year.
The company's earnings and sales both exceeded analyst expectations, indicating strong performance. The significant year-over-year sales growth further supports a positive outlook, likely boosting investor confidence and stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100