Glatfelter Q2 Net Earnings Up, But Results Miss Estimates - Quick Facts

(RTTNews) - Paper company PH Glatfelter Co. (GLT) Tuesday reported a rise in net earnings as well as revenues for the second quarter. Both earnings and revenues, however, fell short of analysts' estimates.

For the 3-month period, the company's net earnings were $4.7 million or $0.11 per share, up from $0.9 million or $0.02 per share a year earlier.

Excluding certain items, earnings totaled $3.8 million or $0.09 per share compared with $5.1 million or $0.12 per share a year earlier.

On average, three analysts polled by Thomson-Reuters estimated the company's earnings to be $0.10 for the quarter. Analysts' estimates typically exclude one-time items.

Quarterly net sales rose by 4.5 percent to $445.3 million, from $426.0 million last year, but were shy of the $481.13 million Wall Street expected.