Packaging Corp. of America and Brown & Brown Beat Estimates

Packaging Corporation of America (NYSE: PKG) reported adjusted earnings per share (EPS) of $2.31 for the second quarter of 2023, exceeding the consensus estimate of $1.93.

For the third quarter, the company expects EPS to be $1.88, while analysts are forecasting $1.93 for the period.

$PKG is trading at $139.10 in after-hour, reflecting an increase of $0.43 (+0.31%).

In other news, Brown & Brown, Inc. (NYSE: BRO)announced adjusted EPS of $0.68 and revenues of $1.047 billion for the second quarter of 2023, surpassing the consensus EPS estimate of $0.59 on revenues of $997.51 million for the period.

In after-hours, $BRO stands unchanged at $70.63

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