04:58 PM EDT, 07/23/2024 (MT Newswires) -- Packaging Corp of America ( PKG ) reported Q2 adjusted earnings late Tuesday of $2.20 per diluted share, down from $2.31 a year earlier.

Analysts polled by Capital IQ expected $2.15.

Net sales in the quarter ended June 30 rose to $2.08 billion from $1.95 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.02 billion.

The company expects Q3 earnings of $2.45 per diluted share. Analysts surveyed by Capital IQ project $2.43 normalized and $2.44 on a GAAP basis.

Shares of the company rose 3.2% in after-hours activity.

Price: 199.00, Change: +6.18, Percent Change: +3.21