Newzof America (PKG) on Wednesday reported third-quarter profit of $262.3 million. The Lake Forest, Illinois-based company said it had net income of $2.93 per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to $3.04 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.95 per share. The maker of containerboard and corrugated packaging products posted revenue of $2.6 billion in the period, which also beat Street forecasts.
Five analysts surveyed by Zacks expected $2.56 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PKG at https://www.zacks.com/ap/PKG Source
DENVER (AP) — DENVER (AP) — Liberty Energy Inc. (LBRT) on Wednesday reported a loss of $39.1 million in its third quarter. The Denver-based company said it had a loss of 24 cents per share.
Earnings, adjusted for one-time gains and costs, were 6 cents per share. The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The provider of hydraulic fracturing services posted revenue of $1.2 billion in the period, surpassing Street forecasts. Five analysts surveyed by Zacks expected $1.17 billion. Access a Zacks stock report on LBRT at https://www.zacks.com/ap/LBRT Source
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