PH Glatfelter Co Reports 15% Increase In Q3 Bottom Line

(RTTNews) - PH Glatfelter Co (GLT) reported earnings for its third quarter that climbed from last year.

The company said its bottom line climbed to $23.98 million, or $0.54 per share. This was up from $20.81 million, or $0.47 per share, in last year's third quarter.

Analysts had expected the company to earn $0.55 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.5% to $405.30 million. This was down from $419.96 million last year.

PH Glatfelter Co earnings at a glance:

-Earnings (Q3): $23.98 Mln. vs. $20.81 Mln. last year. -Earnings Growth (Y-o-Y): 15.2% -EPS (Q3): $0.54 vs. $0.47 last year. -EPS Growth (Y-o-Y): 14.9% -Analysts Estimate: $0.55 -Revenue (Q3): $405.30 Mln vs. $419.96 Mln last year. -Revenue Change (Y-o-Y): -3.5%