PotlatchDeltic Corp. Q2 Profit Decreases, but beats estimates

(RTTNews) - PotlatchDeltic Corp. (PCH) released a profit for second quarter that decreased from last year but beat the Street estimates.

The company's bottom line came in at $120.2 million, or $1.72 per share. This compares with $187.9 million, or $2.77 per share, in last year's second quarter.

Excluding items, PotlatchDeltic Corp. reported adjusted earnings of $112.9 million or $1.61 per share for the period.

Analysts on average had expected the company to earn $1.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 19.6% to $359.6 million from $447.5 million last year.

PotlatchDeltic Corp. earnings at a glance (GAAP) :

-Earnings (Q2): $120.2 Mln. vs. $187.9 Mln. last year. -EPS (Q2): $1.72 vs. $2.77 last year. -Analyst Estimates: $1.46 -Revenue (Q2): $359.6 Mln vs. $447.5 Mln last year.