WestRock Co (WRK) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.71 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.66. The company posted revenue of $3596.50 million in the period, compared to analysts expectations of $3698.46 million. The company’s revenue was down -2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS.
WestRock Co closed down -0.91 points or -2.17% at $41.01 with 21,83,592 shares getting traded on Tusday. Post opening the session at $41.58, the shares hit an intraday low of $40.65 and an intraday high of $41.73 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Feb 9, 2016, J Powell Brown (director) purchased 6,000 shares at $32.19 per share price. According to the SEC, on Feb 8, 2016, Ward H. Dickson (CFO) purchased 3,000 shares at $34.01 per share price. On Jan 15, 2016, James B Porter (President – Corrugated Packagi) sold 26,000 shares at $38.57 per share price, according to the Form-4 filing with the securities and exchange commission.
WestRock Company formerly Rome-Milan Holdings Inc. is a packaging company. The Company provides paper and packaging solutions in consumer and corrugated markets. The Company includes customers across the world from around 275 operating and business locations spanning North America South America Europe and Asia-Pacific. The Company’s products and services include consumer packaging corrugated packaging merchandising displays containerboard kraft paper pulp paperboard recycling and waste solutions and specialty paperboard. The Company’s consumer packaging includes the manufacturing of folding cartons and production of coated paperboard and serves markets such as printing and converting solid bleached sulfate and coated recycled board. Its corrugated packaging is engaged in the manufacturing of containerboard containers pre-print and microflute packaging retail displays and automated packaging systems. Rock-Tenn Company is a subsidiary of WestRock Co.