Packaging Corporation of America (PKG) announced a profit for its fourth quarter that increased from the same period last year but missed the Street estimates.

The company's earnings totaled $221.1 million, or $2.45 per share. This compares with $189.2 million, or $2.10 per share, last year.

Excluding items, Packaging Corporation of America reported adjusted earnings of $222.4 million or $2.47 per share for the period.

Analysts on average had expected the company to earn $2.53 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 10.8% to $2.146 billion from $1.937 billion last year.