logo
Share SHARE
FONT-SIZE Plus   Neg

Potlatch Posts Q4 Profit

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Uber Technologies Inc., the company behind the famous ride-sharing app, is expanding its pilot food delivery service program, UberEATS, to New York City and Chicago. Uber's new pilot program allows customers to order a meal that will be delivered to them within ten minutes. There is a $3 delivery... Standard Chartered said it is still reviewing whether to shift its headquarters out of London, at a time when banks in Britain face higher levy and regulatory costs. Tyson Foods Inc. (TSN) Tuesday said it plans to eliminate the use of human antibiotics from its chicken production, as the meat producing giant joins other peers who have taken similar steps in the wake of health concerns. Tyson Foods said it is striving to eliminate the use of antibiotics from its...
comments powered by Disqus
RELATED NEWS
Trade PCH now with 
Follow RTT