BUZZ-Packaging Corp of America falls after forecasting quarterly profit below estimates

Reuters
23 Apr
BUZZ-Packaging Corp of America falls after forecasting quarterly profit below estimates

** Shares of Packaging Corp of America PKG.N fall 8% to $171.3 after the bell

** PKG sees Q2 profit of $2.41 per share, below analysts' estimate of $2.61 per share, according to data compiled by LSEG

** "We anticipate continued ambiguity relative to domestic and foreign tariff actions and their effect on global trade and our demand trends" - CEO Mark Kowlzan

** Posts Q1 net sales of $2.14 billion, beating estimate of $2.11 billion

** Up to last close, PKG down 17.2% YTD

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com;))

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