WASHINGTON (dpa-AFX) - Clearwater Paper Corporation (CLW) announced a profit for first quarter that decreased from last year.
The company said its bottom line dropped to $10.73 million, or $0.64 per share. This was down from $19.19 million, or $1.09 per share, in last year's first quarter.
Analysts had expected the company to earn $0.84 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 0.1% to $437.53 million. This was up from $437.20 million last year.
Clearwater Paper Corporation earnings at a glance:
-Earnings (Q1): $10.73 Mln. vs. $19.19 Mln. last year. -Earnings Decline (Y-o-Y): -44.1% -EPS (Q1): $0.64 vs. $1.09 last year. -EPS Decline (Y-o-Y): -41.3% -Analysts Estimate: $0.84 -Revenue (Q1): $437.53 Mln vs. $437.20 Mln last year. -Revenue Change (Y-o-Y): 0.1%
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