By Chris Wack
Smurfit Westrock shares were down 6% to $50.19 after the company reported fourth-quarter earnings that missed analysts' expectations.
The paper-based packaging company had net income of $146 million, or 28 cents a share, up from $49 million, or 19 cents a share, in the same quarter last year. Analysts polled by FactSet were looking for earnings of $290.2 million, or 65 cents a share.
Sales for the quarter were $7.54 billion, compared with last year's $2.86 billion and the $7.71 billion analysts were expecting.
Smurfit Westrock began trading on the New York Stock Exchange in July following the completion of the combination of Smurfit Kappa and WestRock.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
February 12, 2025 12:31 ET (17:31 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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