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Sonoco Products (SON -5.1%) drops after saying its Q4 and FY11 profit will likely miss...

Sonoco Products (SON -5.1%) drops after saying its Q4 and FY11 profit will likely miss estimates, due in part to higher taxes. For Q4, the company now expects earnings of $0.45 - $0.47 per share, below previous estimates of $0.59 - $0.63. For the full year, the company sees $2.28 - $2.30, below its prior guidance for earnings of $2.41 to $2.46.
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