MeadWestvaco second-quarter profit jumps to $56 million

NEW YORK (MarketWatch) -- MeadWestvaco Corp. said Thursday its second-quarter profit totaled $56 million, or 33 cents a share, from $32 million, or 17 cents a share, in the same quarter a year before. Analysts had expected on average earnings of 20 cents per share, according to FactSet Research. Sales for the quarter totaled $1.71 billion, up from $1.58 billion in the year-ago period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on... [read full story]