PH Glatfelter Co Earnings Decline 32% In Q3

(RTTNews) - PH Glatfelter Co (GLT) announced a profit for third quarter that retreated from last year.

The company said its bottom line declined to $20.81 million, or $0.47 per share. This was lower than $30.81 million, or $0.70 per share, in last year's third quarter.

Analysts had expected the company to earn $0.52 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 9.7% to $419.96 million. This was down from $465.09 million last year.

PH Glatfelter Co earnings at a glance:

-Earnings (Q3): $20.81 Mln. vs. $30.81 Mln. last year. -Earnings Decline (Y-o-Y): -32.5% -EPS (Q3): $0.47 vs. $0.70 last year. -EPS Decline (Y-o-Y): -32.9% -Analysts Estimate: $0.52 -Revenue (Q3): $419.96 Mln vs. $465.09 Mln last year. -Revenue Change (Y-o-Y): -9.7%