Smurfit Westrock Shares Fall 9.5% as Higher Energy Costs Squeeze Earnings
Shares were down 9.5% at $38.50 in pre-market trading Wednesday after the paper and packaging company said higher energy costs were squeezing earnings.
By Katherine HamiltonShares of Smurfit Westrock fell after the paper and packaging company said cost inflation from higher energy costs was squeezing earnings.The stock was down 9.5% at $38.50 in pre-market trading Wednesday. Through the previous close, shares were up 10% year-to-date.The company i…