HARTSVILLE, S.C. (AP) _ Sonoco Products Co. (SON) on Thursday reported second-quarter net income of $55.2 million.

The Hartsville, South Carolina-based company said it had net income of 55 cents per share. Earnings, adjusted for restructuring costs and non-recurring costs, came to 79 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.

The packaging maker posted revenue of $1.25 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $1.31 billion.

For the current quarter ending in October, Sonoco expects its per-share earnings to range from 73 cents to 83 cents.

Sonoco shares have dropped 13% since the beginning of the year. The stock has fallen 17% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SON at https://www.zacks.com/ap/SON

© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile