Graphic Packaging Holding Company (GPK) saw its stock soar 5.04% in Tuesday's pre-market trading session, despite the company lowering its full-year earnings guidance. The surge comes after the packaging solutions provider reported better-than-expected third-quarter results.

For the third quarter, Graphic Packaging reported adjusted earnings per share of $0.58, surpassing the analyst consensus estimate of $0.56. The company's sales for the quarter came in at $2.190 billion, also beating the expected $2.160 billion. However, both earnings and revenue were down compared to the same period last year.

Despite the strong quarterly performance, Graphic Packaging lowered its 2025 adjusted EPS guidance to a range of $1.80 to $2.00, down from the previous outlook of $1.90 to $2.20. The company cited ongoing market and volume uncertainty as reasons for the revised guidance. Graphic Packaging's CEO highlighted the company's efforts in innovation sales growth and inventory reduction as positive factors in navigating the challenging market conditions.

Investors appear to be focusing on the better-than-expected quarterly results and the company's strategic initiatives rather than the lowered guidance. However, Graphic Packaging noted that "volume and market uncertainty remain unusually high given a stretched consumer and weakened consumer confidence," indicating potential challenges ahead for the packaging industry.