Sonoco Products Co. (SON) Tops Q1 EPS by 1c; Guides Q2, FY14 Profit

Sonoco Products Co. (NYSE: SON) reported Q1 EPS of $0.52, $0.01 better than the analyst estimate of $0.51. Revenue for the quarter came in at $1.19 billion versus the consensus estimate of $1.2 billion.

Abnormally severe winter weather across much of the U.S. and Canada unfavorably impacted first quarter 2014 base earnings. Absent the weather impact, the Company estimates that results would have been at or slightly above the high end of its previously issued guidance.

Sonoco. sees Q2 2014 EPS of $0.63 - $0.67, versus the consensus of $0.66.

Sonoco also sees FY2014 EPS of $2.43 - $2.53, versus the consensus of $2.5.

For earnings history and earnings-related data on Sonoco Products Co. (SON) click here.

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