Packaging Corp. of America stock plummets after profit decline
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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 […]