PH Glatfelter Co Q1 adjusted earnings Miss Estimates

(RTTNews) - PH Glatfelter Co (GLT) reported a profit for first quarter that declined from last year.

The company's profit totaled $5.72 million, or $0.13 per share. This compares with $11.60 million, or $0.26 per share, in last year's first quarter.

Excluding items, PH Glatfelter Co reported adjusted earnings of $8.61 million or $0.19 per share for the period.

Analysts had expected the company to earn $0.26 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.1% to $410.65 million from $390.71 million last year.

PH Glatfelter Co earnings at a glance:

-Earnings (Q1): $8.61 Mln. vs. $17.16 Mln. last year. -EPS (Q1): $0.19 vs. $0.39 last year. -Analysts Estimate: $0.26 -Revenue (Q1): $410.65 Mln vs. $390.71 Mln last year.