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WestRock profit misses consensus by 26.4% in fiscal Q1

WestRock Co. said its normalized net income for the fiscal first quarter ended Dec. 31, 2016, was 34 cents per share, compared with the S&P Capital IQ consensus estimate of 46 cents per share.

EPS decreased 34.5% year over year from 51 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $85.8 million, a decrease of 36.2% from $134.4 million in the year-earlier period.

The normalized profit margin declined to 2.5% from 3.9% in the year-earlier period.

Total revenue totaled $3.45 billion, compared with $3.47 billion in the prior-year period, and total operating expenses increased from the prior-year period to $3.26 billion from $3.20 billion.

Reported net income rose 185.0% from the prior-year period to $81.7 million, or 32 cents per share, from $28.7 million, or 11 cents per share.