Sonoco Products (NYSE:SON) Shares Down 11.9% on Disappointing Earnings

Sonoco Products (NYSE:SON) Shares Down 11.9% on Disappointing Earnings

Sonoco Products (NYSE:SON – Get Free Report)’s stock price dropped 11.9% on Wednesday following a weaker than expected earnings announcement. The stock traded as low as $42.32 and last traded at $41.20. Approximately 255,626 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 751,509 shares. The stock had previously closed at $46.76. The industrial products company reported $1.38 earnings per share (EPS)…