shares of sonoco products co son gained 06 in premarket trading wednesday after the protective packaging maker raised its secondquarter profit outlook following strong april and may results the company said it now expects base earnings per share which excludes nonrecurring items of 160 to 170 up from its previous guidance range of 120 to 130 sonoco expects operating results to be significantly better than previously projected due to sustained customer demand particularly in its consumer packaging and all other segments as well as continued strong performance in price recovery the company said in a statement in addition operating results are expected to benefit from the continued strong performance of the companys metal packaging business which was acquired in the first quarter of 2022 the stock has lost 99 year to date through tuesday while the sp 500 spx has dropped 210