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What: Shares of cardboard packaging maker RockTenn
So what: Revenue summed up to $2.27 billion, resulting in adjusted earnings per share of $1.18. Both top and bottom lines were shy of consensus estimates, which expected $2.31 billion in sales and a $1.40 per-share profit.
Now what: The growth in revenue was mainly attributed to RockTenn's acquisition of former rival Smurfit-Stone last year. The company continues its process of digestion, with net costs associated with restructuring and transitioning adding up to about $0.12 per share after tax. Most of these costs were related to plant closures and other integration costs.
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