PH Glatfelter Co Earnings Advance 51% In Q2

(RTTNews) - PH Glatfelter Co (GLT) revealed a profit for its second quarter that gained ground compared to the same period last year.

The company said its bottom line rose to $2.77 million, or $0.06 per share. This was up from $1.84 million, or $0.04 per share, in last year's second quarter.

Analysts had expected the company to earn $0.03 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.1% to $406.41 million. This was down from $410.80 million last year.

PH Glatfelter Co earnings at a glance:

-Earnings (Q2): $2.77 Mln. vs. $1.84 Mln. last year. -Earnings Growth (Y-o-Y): 50.5% -EPS (Q2): $0.06 vs. $0.04 last year. -EPS Growth (Y-o-Y): 50.0% -Analysts Estimate: $0.03 -Revenue (Q2): $406.41 Mln vs. $410.80 Mln last year. -Revenue Change (Y-o-Y): -1.1%