PotlatchDeltic Corp. (PCH) reported a profit for fourth quarter that decreased from the same period last year and missed the Street estimates.
The company's bottom line came in at $39.2 million, or $0.58 per share. This compares with $100.0 million, or $1.48 per share, in last year's fourth quarter.
Excluding items, PotlatchDeltic Corp. reported adjusted earnings of $39.9 million or $0.59 per share for the period.
Analysts on average had expected the company to earn $0.62 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 26.4% to $248.4 million from $337.4 million last year.
PotlatchDeltic Corp. earnings at a glance (GAAP) :
-Earnings (Q4): $39.2 Mln. vs. $100.0 Mln. last year.
-EPS (Q4): $0.58 vs. $1.48 last year.
-Analyst Estimates: $0.62
-Revenue (Q4): $248.4 Mln vs. $337.4 Mln last year.
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