Clearwater Paper Corporation (CLW) reported a profit for third quarter that fell from last year.
The company's bottom line totaled $1.9 million, or $0.11 per share. This compares with $21.4 million, or $1.28 per share, in last year's third quarter.
Excluding items, Clearwater Paper Corporation reported adjusted earnings of $9.3 million or $0.55 per share for the period.
Analysts had expected the company to earn $0.47 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 1.5% to $450.5 million from $457.4 million last year.
Clearwater Paper Corporation earnings at a glance:
-Earnings (Q3): $9.3 Mln. vs. $26.6 Mln. last year.
-EPS (Q3): $0.55 vs. $1.59 last year.
-Analysts Estimate: $0.47
-Revenue (Q3): $450.5 Mln vs. $457.4 Mln last year.
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