LAKE FOREST, Ill. (AP) _ Packaging Corp. of America (PKG) on Monday reported first-quarter earnings of $166.5 million.

The Lake Forest, Illinois-based company said it had net income of $1.75 per share. Earnings, adjusted for non-recurring costs, were $1.77 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.47 per share.

The maker of containerboard and corrugated packaging products posted revenue of $1.81 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.74 billion.

Packaging Corp. shares have risen roughly 4% since the beginning of the year. In the final minutes of trading on Monday, shares hit $143.15, an increase of 66% 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 PKG at https://www.zacks.com/ap/PKG

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