PH Glatfelter Co Q4 Income Retreats

(RTTNews) - PH Glatfelter Co (GLT) released earnings for fourth quarter that decreased compared to the same period last year.

The company said its profit declined to $15.05 million, or $0.34 per share. This was lower than $17.65 million, or $0.40 per share, in last year's fourth quarter.

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

The company said revenue for the quarter rose 2.3% to $399.92 million. This was up from $390.87 million last year.

PH Glatfelter Co earnings at a glance:

-Earnings (Q4): $15.05 Mln. vs. $17.65 Mln. last year. -Earnings Decline (Y-o-Y): -14.7% -EPS (Q4): $0.34 vs. $0.40 last year. -EPS Decline (Y-o-Y): -15.0% -Analysts Estimate: $0.32 -Revenue (Q4): $399.92 Mln vs. $390.87 Mln last year. -Revenue Change (Y-o-Y): 2.3%