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Canfor Pulp Products Inc. Q3 Loss Decreases, But Misses Estimates

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

Canfor Pulp Products Inc. (CFX.TO) released Loss for third quarter that Decreased from last year and missed the Street estimates.

The company's bottom line totaled -C$12.40 million, or -C$0.19 per share. This compares with -C$156.10 million, or -C$2.39 per share, last year.

Excluding items, Canfor Pulp Products Inc. reported adjusted earnings of -C$12.40 million or -C$0.19 per share for the period.

Analysts on average had expected the company to earn -C$0.17 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 14.8% to C$164.60 million from C$193.20 million last year.

Canfor Pulp Products Inc. earnings at a glance (GAAP) :

-Earnings: -C$12.40 Mln. vs. -C$156.10 Mln. last year.
-EPS: -C$0.19 vs. -C$2.39 last year.
-Revenue: C$164.60 Mln vs. C$193.20 Mln last year.

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