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Disappointing guidance and increased costs suggest continued downward pressure, reminiscent of past performance dips.
What happened, with direct paths to the underlying reporting
PKG stock dropped 10% after disappointing Q1 guidance. Q4 profit increased to $221.1 million, missing earnings expectations. CEO expects lower containerboard volume due to seasonal factors. Costs for wood, energy, and chemicals expected to rise. Analysts forecast lower earnings of $2.21, below estimates.
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