logo
Share SHARE
FONT-SIZE Plus   Neg

Potlatch Posts Q4 Profit

Potlatch Corp. (PCH) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Even after two years of thoroughly searching across the Indian Ocean, using modern technologies and devices, there is no clue about the Malaysian airline that vanished on March 8, 2014. Internet access is growing worldwide, but there is still a long way to go before the entire world is completely wired, a study from the Pew Research Center has found. The study also noted that men have greater access to the Internet than women in many nations. Backtracking on its early announcements on digital privacy, WhatsApp is planning to share member information, phone numbers and analytical data with Facebook, to make revenue from the platform.
comments powered by Disqus
Follow RTT