Stock Track | Sonoco Plummets 7.03% Intraday After Missing Q1 Estimates and Cutting Full-Year Guidance

Stock Track21:34

Sonoco Products Co. (NYSE: SON) saw its stock price plummet 7.03% during Wednesday's intraday trading session, following the release of disappointing first-quarter financial results.

The packaging solutions provider reported quarterly earnings of $1.20 per share, missing the analyst consensus estimate of $1.21 per share. The company's quarterly sales of $1.676 billion also fell short of the expected $1.713 billion, representing a 1.9% year-over-year decline.

Further contributing to investor concern, Sonoco reduced its full-year guidance, citing higher input costs as a key factor. The company now expects adjusted earnings at the low end of its previous guidance range and projects 2026 sales between $7.25 billion and $7.75 billion.

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(NYSE: SON) saw its stock price plummet 7.03% during Wednesday's intraday trading session, following the release of disappointing first-quarter financial results.</p><p>The packaging solutions provider reported quarterly earnings of $1.20 per share, missing the analyst consensus estimate of $1.21 per share. The company's quarterly sales of $1.676 billion also fell short of the expected $1.713 billion, representing a 1.9% year-over-year decline.</p><p>Further contributing to investor concern, Sonoco reduced its full-year guidance, citing higher input costs as a key factor. 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