Packaging Corp. of America stock plummets after profit decline
By Lawrence Rigby Packaging Corp. of America stock plummeted after the company reported an 8.8 percent profit decline that triggered two downgrades. The fall came despite the Lake Forest Ill.-based manufacturing company’s reporting a fourth quarter net income of $104.3 million, or $1.08 per share, beating analyst expectations of $1.03 per share. The profit was a decline from […]
