By Paulo TrevisaniSonoco said Friday it expects foreign exchange rates to have a negative impact on 2022 results. The Hartsville, S.C., packaging company said the negative impact from a strengthening dollar would be equal to $0.17 a share. Sonoco said it estimates 2022 earnings to be in the range of $3.85 to $3.95 a share, with a mid-point target of $3.90 a share that includes the potential FX negative impact. The WSJ US Dollar Index is at 96.06, up from 90.98 a year ago. Write to Paulo Trevisani at paulo.trevisani@wsj.com

Source: Wall Street Journal December 11, 2021 01:31 UTC