ATLANTA (AP) — WestRock Co. (WRK) on Thursday reported fiscal first-quarter profit of $139.1 million.
On a per-share basis, the Atlanta-based company said it had net income of 54 cents. Earnings, adjusted for restructuring costs and non-recurring costs, came to 83 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share.
The paper and packaging company posted revenue of $4.33 billion in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $4.58 billion.
WestRock shares have climbed roughly 10 percent since the beginning of the year. The stock has decreased 39 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WRK at https://www.zacks.com/ap/WRK
