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Potlatch Corp. Q1 adjusted earnings Beat Estimates

Potlatch Corp. (PCH) released a profit for first quarter that dropped from last year.

The company's earnings totaled $14.6 million, or $0.29 per share. This compares with $16.9 million, or $0.41 per share, in last year's first quarter.

Excluding items, Potlatch Corp. reported adjusted earnings of $35.2 million or $0.69 per share for the period.

Analysts had expected the company to earn $0.56 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 33.5% to $199.9 million from $149.7 million last year.

Potlatch Corp. earnings at a glance:

-Earnings (Q1): $35.2 Mln. vs. $16.9 Mln. last year.
-EPS (Q1): $0.69 vs. $0.41 last year.
-Analysts Estimate: $0.56
-Revenue (Q1): $199.9 Mln vs. $149.7 Mln last year.

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