Packaging Corp of America falls after forecasting quarterly profit below estimates

Shares of Packaging Corp of America PKG.N fall 8% to $171.3 after the bell

PKG sees Q2 profit of $2.41 per share, below analysts' estimate of $2.61 per share, according to data compiled by LSEG

"We anticipate continued ambiguity relative to domestic and foreign tariff actions and their effect on global trade and our demand trends" - CEO Mark Kowlzan

Posts Q1 net sales of $2.14 billion, beating estimate of $2.11 billion

Up to last close, PKG down 17.2% YTD