Sonoco Guides Q3 EPS $0.64-0.68 vs. $0.71 Est

Sonoco (NYSE: SON) expects third quarter 2011 base earnings to be in the range of $.64 to $.68 per diluted share. Base earnings in the third quarter of 2010 were a record $.65 per diluted share. For the full-year 2011, base earnings are projected to be in the range of $2.46 to $2.54 per diluted share.

The Company had previously provided full-year guidance of $2.52 to $2.60 per diluted share. The Company's 2011 earnings guidance reflects an expected effective tax rate of approximately 32 percent.