Clearwater Paper Q3 Profit Tops Estimate

(RTTNews) - Clearwater Paper Corp. (CLW) reported net income for the third quarter of $6.3 million or $0.31 per share, compared to $13.3 million or $0.60 per share for the year-ago quarter.

Excluding items, third quarter adjusted net earnings were $25.7 million or $1.28 per share, compared to $6.4 million or $0.29 per share in the prior year quarter.

Net sales for the third quarter rose 4.8% to $511.14 million from $487.85 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $1.18 per share on revenue of $511.40 million for the third quarter. Analysts' estimates typically exclude special items.