Graphic Packaging: 2Q Earnings Snapshot
ATLANTA (AP) _ Graphic Packaging Holding Co. (GPK) on Tuesday reported second-quarter profit of $63.8 million.
The Atlanta-based company said it had profit of 22 cents per share. Earnings, adjusted for non-recurring costs, were 24 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.
The packaging company posted revenue of $1.55 billion in the period, meeting Street forecasts.
Graphic Packaging shares have risen 34% since the beginning of the year. The stock has fallen roughly 4% in the last 12 months.