Cascades Inc. (CADNF.PK) released Loss for its fourth quarter that increased from the same period last year and missed the Street estimates.
The company's bottom line came in at -C$57 million, or -C$0.57 per share. This compares with -C$27 million, or -C$0.27 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn C$0.32 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 0.3% to C$1.138 billion from C$1.135 billion last year.
Cascades Inc. earnings at a glance (GAAP) :
-Earnings (Q4): -C$57 Mln. vs. -C$27 Mln. last year.
-EPS (Q4): -C$0.57 vs. -C$0.27 last year.
-Analyst Estimate: C$0.32
-Revenue (Q4): C$1.138 Bln vs. C$1.135 Bln last year.
For comments and feedback: editorial@rttnews.com