Plus   Neg

Potlatch Corp. Q3 adjusted earnings Beat Estimates

Potlatch Corp. (PCH) announced a profit for its third quarter that rose from last year.

The company's profit came in at $60.34 million, or $0.93 per share. This compares with $33.70 million, or $0.82 per share, in last year's third quarter.

Excluding items, Potlatch Corp. reported adjusted earnings of $55.98 million or $0.87 per share for the period.

Analysts had expected the company to earn $0.82 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 51.9% to $289.20 million from $190.44 million last year.

Potlatch Corp. earnings at a glance:

-Earnings (Q3): $55.98 Mln. vs. $38.63 Mln. last year.
-EPS (Q3): $0.87 vs. $0.94 last year.
-Analysts Estimate: $0.82
-Revenue (Q3): $289.20 Mln vs. $190.44 Mln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT