Advertisement
Canada markets closed

  • S&P/TSX

    24,822.54
    +132.06 (+0.53%)
     

  • S&P 500

    5,864.67
    +23.20 (+0.40%)
     

  • DOW

    43,275.91
    +36.86 (+0.09%)
     

  • CAD/USD

    0.7246
    -0.0004 (-0.05%)
     

  • CRUDE OIL

    69.34
    -1.33 (-1.88%)
     

  • Bitcoin CAD

    94,174.96
    -199.38 (-0.21%)
     

  • XRP CAD

    0.75
    -0.00 (-0.61%)
     

  • GOLD FUTURES

    2,736.40
    +28.90 (+1.07%)
     

  • RUSSELL 2000

    2,276.09
    -4.76 (-0.21%)
     

  • 10-Yr Bond

    4.0730
    -0.0230 (-0.56%)
     

  • NASDAQ

    18,489.55
    +115.94 (+0.63%)
     

  • VOLATILITY

    18.03
    -1.08 (-5.65%)
     

  • FTSE

    8,358.25
    -26.88 (-0.32%)
     

  • NIKKEI 225

    38,981.75
    +70.56 (+0.18%)
     

  • CAD/EUR

    0.6666
    -0.0024 (-0.36%)
     

Graphic Packaging: Q2 Earnings Snapshot

Associated Press Finance
·1 min read

ATLANTA (AP) — ATLANTA (AP) — Graphic Packaging Holding Co. (GPK) on Tuesday reported second-quarter net income of $190 million.

On a per-share basis, the Atlanta-based company said it had net income of 62 cents. Earnings, adjusted for non-recurring gains, were 60 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.

The packaging company posted revenue of $2.24 billion in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $2.29 billion.

Graphic Packaging expects full-year earnings in the range of $2.65 to $2.85 per share.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GPK at https://www.zacks.com/ap/GPK