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Sonoco Products Q2 adjusted earnings Beat Estimates

Sonoco Products (SON) announced earnings for its second quarter that increased from last year.

The company's earnings came in at $89.41 million, or $0.88 per share. This compares with $43.13 million, or $0.43 per share, in last year's second quarter.

Excluding items, Sonoco Products reported adjusted earnings of $93.82 million or $0.93 per share for the period.

Analysts had expected the company to earn $0.86 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.5% to $1.37 billion from $1.24 billion last year.

Sonoco Products earnings at a glance:

-Earnings (Q2): $93.82 Mln. vs. $71.83 Mln. last year.
-EPS (Q2): $0.93 vs. $0.71 last year.
-Analysts Estimate: $0.86
-Revenue (Q2): $1.37 Bln vs. $1.24 Bln last year.

Next quarter EPS guidance: $0.82 to $0.88
Full year EPS guidance: $3.27 to $3.37

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