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Stone Container Corp. reported it lost $48.9 million, or 53 cents per share, in the third quarter, narrowing from a loss of $73.7 million, or 84 cents per share, during the year-earlier period.
The Chicago-based paper company blamed the latest loss on a $177.9 million charge for the early payment of debt.
Before the charge, income was $129 million, or $1.32 per share.
Revenues in the quarter jumped almost 30 percent, to $1.9 billion from $1.4 billion in the year-earlier period.
For the nine months, net income totaled $175.8 million, or $1.84 per share, reversing a loss of $234.4 million, or $2.75 per share, in the year-earlier period.
