Packaging Corp. of America (PKG) reported second quarter net income of $0.38 per share after the bell Monday, up from $0.28 in the prior year. The consensus estimate was for EPS of $0.31.
Packaging Corp. of America climbed throughout the first hour of Tuesday's session and rose further during the second half of the afternoon. Shares finished up by 1.78 at $24.70 on the highest volume in 9 months. The stock rose to its highest level since early May.
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