Graphic Packaging Holding Co.. (GPK) reported earnings for its second quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $190 million, or $0.62 per share. This compares with $150 million, or $0.49 per share, in last year's second quarter.
Excluding items, Graphic Packaging Holding Co.. reported adjusted earnings of $183 million or $0.60 per share for the period.
Analysts on average had expected the company to earn $0.57 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 6.5% to $2.237 billion from $2.392 billion last year.
Graphic Packaging Holding Co.. earnings at a glance (GAAP) :
-Earnings (Q2): $190 Mln. vs. $150 Mln. last year.
-EPS (Q2): $0.62 vs. $0.49 last year.
-Revenue (Q2): $2.237 Bln vs. $2.392 Bln last year.
-Guidance:
Full year EPS guidance: $2.65 - $2.85
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