Sonoco Products (SON) reported earnings for its second quarter that Increased from the same period last year but missed the Street estimates.
The company's bottom line totaled $493 million, or $4.96 per share. This compares with $91 million, or $0.92 per share, last year.
Excluding items, Sonoco Products reported adjusted earnings of $136 million or $1.37 per share for the period.
Analysts on average had expected the company to earn $1.49 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 49.3% to $1.910 billion from $1.279 billion last year.
Sonoco Products earnings at a glance (GAAP) :
-Earnings: $493 Mln. vs. $91 Mln. last year.-EPS: $4.96 vs. $0.92 last year.-Revenue: $1.910 Bln vs. $1.279 Bln last year.
-Guidance:Full year EPS guidance: $6.00
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.