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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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.