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Sonoco Products Q2 adjusted earnings Miss Estimates

Below are the earnings highlights for Sonoco Products (SON):

-Earnings: -$334.07 million in Q2 vs. $55.21 million in the same period last year.
-EPS: -$3.34 in Q2 vs. $0.55 in the same period last year.
-Excluding items, Sonoco Products reported adjusted earnings of $84.62 million or $0.84 per share for the period.
-Analysts projected $0.86 per share
-Revenue: $1.38 billion in Q2 vs. $1.25 billion in the same period last year.

-Guidance:
Next quarter EPS guidance: $0.87 to $0.93
Full year EPS guidance: $3.50 to $3.60

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