WestRock Company Q1 Profit Decreases, misses estimates

WestRock Company (WRK) reported earnings for first quarter that decreased from the same period last year and missed the Street estimates.

The company's earnings came in at $45.3 million, or $0.18 per share. This compares with $182.3 million, or $0.68 per share, in last year's first quarter.

Excluding items, WestRock Company reported adjusted earnings of $141.4 million or $0.55 per share for the period.

Analysts on average had expected the company to earn $0.60 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.6% to $4.92 billion from $4.95 billion last year.

WestRock Company earnings at a glance (GAAP) :

-Earnings (Q1): $45.3 Mln. vs. $182.3 Mln. last year.
-EPS (Q1): $0.18 vs. $0.68 last year.
-Analyst Estimates: $0.60
-Revenue (Q1): $4.92 Bln vs. $4.95 Bln last year.

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