PH Glatfelter Co Earnings Rise 22% In Q1

(RTTNews) - PH Glatfelter Co (GLT) revealed a profit for its first quarter that rose from last year.

The company said its bottom line totaled $16.29 million, or $0.37 per share. This was up from $13.37 million, or $0.30 per share, in last year's first quarter.

Analysts had expected the company to earn $0.41 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.7% to $402.22 million. This was down from $417.47 million last year.

PH Glatfelter Co earnings at a glance:

-Earnings (Q1): $16.29 Mln. vs. $13.37 Mln. last year. -Earnings Growth (Y-o-Y): 21.8% -EPS (Q1): $0.37 vs. $0.30 last year. -EPS Growth (Y-o-Y): 23.3% -Analysts Estimate: $0.41 -Revenue (Q1): $402.22 Mln vs. $417.47 Mln last year. -Revenue Change (Y-o-Y): -3.7%