PH Glatfelter Co Announces 9% Drop In Q3 Bottom Line

(RTTNews) - PH Glatfelter Co (GLT) reported a profit for third quarter that lost ground compared to the same period last year.

The company said its profit totaled $21.88 million, or $0.50 per share. This was lower than $23.98 million, or $0.54 per share, in last year's third quarter.

Analysts had expected the company to earn $0.39 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.0% to $413.32 million. This was up from $405.30 million last year.

PH Glatfelter Co earnings at a glance:

-Earnings (Q3): $21.88 Mln. vs. $23.98 Mln. last year. -Earnings Decline (Y-o-Y): -8.8% -EPS (Q3): $0.50 vs. $0.54 last year. -EPS Decline (Y-o-Y): -7.4% -Analysts Estimate: $0.39 -Revenue (Q3): $413.32 Mln vs. $405.30 Mln last year. -Revenue Change (Y-o-Y): 2.0%