LAKE FOREST, Ill. (AP) _ Packaging Corp. of America (PKG) on Monday reported third-quarter net income of $262.5 million.

The Lake Forest, Illinois-based company said it had profit of $2.80 per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, were $2.83 per share.

The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of $2.83 per share.

The maker of containerboard and corrugated packaging products posted revenue of $2.13 billion in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $2.21 billion.

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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