This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Wednesday's Winners & Losers: Sonoco Products

Shares of Sonoco Products (SON) were among the NYSE's winners Wednesday, jumping 10% after the packaging company posted better-than-expected second-quarter earnings and projected third-quarter earnings above Wall Street's forecast.

For the second quarter, the company earned $49.3 million, or 49 cents a share, on revenue of $917 million. Excluding items, Sonoco earned $50.9 million, or 51 cents a share. Analysts polled by Thomson First Call expected earnings of 47 cents a share on revenue of $920.2 million. A year earlier, the company recorded adjusted earnings of $45.8 million, or 45 cents a share, on revenue of $878.2 million.

Sonoco projects third-quarter earnings of 54 cents to 57 cents a share. Analysts anticipate earnings of 52 cents a share. Shares were trading up $3.20 to $34.

CDW (CDWC) climbed 9% after the computer products seller posted second-quarter earnings that easily topped forecasts. The company earned $73.1 million, or 91 cents a share, on revenue of $1.63 billion. Analysts expected earnings of 79 cents a share and revenue of $1.65 billion. During the year-earlier period, CDW earned $67.1 million, or 80 cents a share, on revenue of $1.54 billion. Shares were trading up $4.75 to $57.18.

Shares of Packaging Corp. of America (PKG) rose 9% after the packaging products company posted blowout second-quarter results and projected third-quarter earnings well above expectations. The company's second-quarter profit rose to $32.2 million, or 31 cents a share, from $27.8 million, or 26 cents a share, a year earlier. Analysts expected earnings of 23 cents a share. Revenue increased to $551.1 million from $519.3 million, surpassing analysts' forecast of $532.7 million.

Looking ahead, Packaging Corp. forecast third-quarter earnings of 42 cents a share. Analysts, on average, project earnings of 37 cents a share. Shares were trading up $1.90 to $22.91.

Jakks Pacific (JAKK) fell 10% after the toymaker posted weaker-than-expected second-quarter results and slashed its full-year forecast. The company reported second-quarter earnings of $6.4 million, or 22 cents a share, on revenue of $124 million. Analysts expected earnings of 35 cents a share and revenue of $146.5 million. Last year, the company earned $11.6 million, or 38 cents a share, on revenue of $127.1 million, in the second quarter.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs