CatchMark: 2Q Earnings Snapshot
ATLANTA (AP) _ CatchMark Timber Trust Inc. (CTT) on Thursday reported a loss of $1.5 million in its second quarter.
The Atlanta-based company said it had a loss of 3 cents per share.
The timberlands real estate investment trust posted revenue of $26.2 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $22.8 million.
CatchMark shares have fallen roughly 6 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $12.36, an increase of roughly 7 percent in the last 12 months.