- Packaging Corp. from America(NYSE: PKG) shares fell Tuesday morning as first-quarter 2023 results missed the Street’s expectations.
- PKG reported revenue of $1.98 billion,miss the consensus of $2.08 billion.
- Packaging segment sales declined 8% year-over-year due to lower volumes and unfavorable pricing and blending.
- Paper segment revenue declined 2% year over year in the first quarter.
- In the packaging segment, total shipments of corrugated products and shipments per day decreased by ~13%…
Full story available at Benzinga.com
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