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Sonoco Posts Loss In Q3 Hurt By Goodwill Impairment Charges
Source: Nasdaq
Corporate EarningsCompany Fundamentals
Sonoco Products reported a third-quarter net loss of $732.1 million, or $7.36 per share, versus net income of $122.9 million, or $1.23 per share, a year earlier. The sharp year-over-year reversal is negative for the company; the article provides no explanation or outlook.
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