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Greif (GEF +9.1%) pops today after its FQ4 bottom line beat estimates late yesterday. Net...
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Wednesday, December 12, 2012, 1:32 PM ETGreif (GEF +9.1%) pops today after its FQ4 bottom line beat estimates late yesterday. Net earnings rose 27% as the packaging company posted lower restructuring costs. Going into the new year, the company anticipates a slight increase in volumes and margin improvement due to stabilizing raw material costs, and an improvement in operating performance as recent containerboard price increases take affect.
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