Rock-Tenn (RKT -4.1%) issues downside Q2 guidance, seeing Q2 EPS of $0.85-$0.90 vs. $1.16...

|By:, SA News Editor

Rock-Tenn (RKT -4.1%) issues downside Q2 guidance, seeing Q2 EPS of $0.85-$0.90 vs. $1.16 consensus, as the packaging and paper company is hurt by maintenance downtime and lower selling prices for export containerboard. RKT expects "significant earnings improvement" from Q4 onward when it completes major projects at the Hodge and Hopewell mills.