Buckeye Technologies Q4 Profit Down - Quick Facts

(RTTNews) - Buckeye Technologies Inc. (BKI) Monday reported fourth-quarter profit of $18.02 million or $0.45 per share, down from $28.26 million or $0.71 per share in the comparable quarter last year.

Adjusted earnings for the quarter was $23.0 million or $0.58 per share. Three analysts polled by Thomson Reuters expected the company to earn $0.56 per share for the quarter. Analysts' estimates typically exclude special items.

Sales dropped 4 percent to $216 million from $225 million last year. Analysts expected revenues of $197.69 million.

Gross margin improved to 22.4 percent from 22.2 percent last year.