Packaging Corp. of America shares declined further in the extended session Monday after the packaging-products maker topped Wall Street estimates on earnings but not on revenue, and provided a weak outlook. Packaging Corp. shares declined 1.4% to $49.50, after closing down 13% in the regular session following a downgrade from Citigroup. The company reported adjusted fourth-quarter earnings of $1.08 a share on revenue of $1.39 billion. Analysts surveyed by FactSet had forecast $1.03 a share on revenue of $1.43 billion. The company estimated first-quarter earnings of $1 a share, while analysts had forecast $1.07 a share.
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