Clearwater Paper Corporation Q1 adjusted earnings Miss Estimates

(RTTNews) - Clearwater Paper Corporation (CLW) announced a profit for its first quarter that climbed from last year.

The company's earnings totaled $3.84 million, or $0.23 per share. This compares with $2.60 million, or $0.16 per share, in last year's first quarter.

Excluding items, Clearwater Paper Corporation reported adjusted earnings of $3.51 million or $0.21 per share for the period.

Analysts had expected the company to earn $0.32 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.9% to $428.78 million from $436.95 million last year.

Clearwater Paper Corporation earnings at a glance:

-Earnings (Q1): $3.51 Mln. vs. $5.22 Mln. last year. -EPS (Q1): $0.21 vs. $0.31 last year. -Analysts Estimate: $0.32 -Revenue (Q1): $428.78 Mln vs. $436.95 Mln last year.