Latest News by Industry
ATLANTA (AP) — ATLANTA (AP) — WestRock Co. (WRK) on Thursday reported fiscal fourth-quarter profit of $109.8 million.
On a per-share basis, the Atlanta-based company said it had profit of 43 cents. Earnings, adjusted for one-time gains and costs, came to 81 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.
The paper and packaging company posted revenue of $4.99 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $5.1 billion.
For the year, the company reported a loss of $1.65 billion, or $6.44 per share. Revenue was reported as $20.31 billion.
_____
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