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Sonoco Products Co. (SON) has provided an update on its 2010 and 2011 EPS guidance, along with an exposition of key strategic initiatives for the future and share buyback intention. Fourth quarter EPS is now expected to be at the lower end of its previously announced range of 57 cents to 61 cents while fiscal 2010 guidance remains in a band of $2.32 to $2.36. Sonoco initiated fiscal 2011 EPS forecast in a range of $2.52 to $2.62.

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Happy trading,

Curt