Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Potlatch Posts Q4 Profit

RELATED NEWS
Trade PCH now with 

Potlatch Corp. (PCH: Quote) Tuesday said it turned to profit in the fourth quarter, as its wood products segment experienced a real turnaround in its markets, with strong demand for manufactured wood products resulting in sharply higher prices.

The company reported a profit of $13.9 million or $0.34 per share for the quarter, compared to a loss of $1.5 million or $0.04 per share in the same period last year.

On average, eight analysts polled by Thomson Reuters expected the company to earn $0.32 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $143.30 million from $109.30 million last year. Analysts expected revenues of $136.83 million.

Click here to receive FREE breaking news email alerts for Potlatch Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Alaska Congressman Don Young, R-Ak., is once again making headlines with comments linking the state's high suicide rate to an increase in government assistance. Young told an audience at a senior center on Wednesday that the suicide problem didn't exist until there was "largesse" from the government. After moving sharply higher at the open, stocks have seen further upside over the course of the trading day on Thursday. The strong upward move on the day has more than offset the pullback that was seen in the previous session. Suggesting moderate growth in the short-term, the Conference Board released a report on Thursday showing that its index of leading U.S. economic indicators rose by more than economists had anticipated in the month of September.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.