Clearwater Paper Corporation (CLW) revealed earnings for its fourth quarter that rose from the same period last year.
The company's earnings totaled $22.6 million, or $1.34 per share. This compares with $2.0 million, or $0.12 per share, in last year's fourth quarter.
Excluding items, Clearwater Paper Corporation reported adjusted earnings of $24.6 million or $1.45 per share for the period.
Analysts had expected the company to earn $1.53 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 4.0% to $452.8 million from $435.5 million last year.
Clearwater Paper Corporation earnings at a glance:
-Earnings (Q4): $24.6 Mln. vs. $6.1 Mln. last year.
-EPS (Q4): $1.45 vs. $0.37 last year.
-Analysts Estimate: $1.53
-Revenue (Q4): $452.8 Mln vs. $435.5 Mln last year.
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