Sonoco: Q2 Earnings Snapshot
By AP News
Published - Aug 01, 2024, 01:58 AM ET
Last Updated - Aug 01, 2024, 01:58 AM EDT
HARTSVILLE, S.C. (AP) — HARTSVILLE, S.C. (AP) — Sonoco Products Co. (SON) on Wednesday reported second-quarter profit of $90.8 million.
The Hartsville, South Carolina-based company said it had profit of 92 cents per share. Earnings, adjusted for non-recurring costs, came to $1.28 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.
The packaging maker posted revenue of $1.62 billion in the period.
