Graphic Packaging profit beats expectations
* Q2 EPS $0.11 vs est $0.09
* Q2 sales up 3 pct to $1.11 bln
July 26 (Reuters) - Graphic Packaging Holding Company's quarterly profit beat Wall Street expectations, helped by better volumes and higher pricing.
Net income rose to $42.4 million, or 11 cents per share, for the April-June quarter, from $32.1 million, or 8 cents per share, a year earlier.
Sales at the company, which makes paperboard packaging for food and consumer products, rose 3 percent to $1.11 billion.
Paperboard packaging unit sales, which account for 83.5 percent of total revenue, were almost flat year-over-year. Flexible packaging segment sales rose 19 percent.
Analysts had expected earnings of 9 cents a share on sales of $1.13 billion, according to Thomson Reuters I/B/E/S.
Shares of the company closed at $5.24 on Wednesday on the New York Stock Exchange.
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