Domtar: 2Q Earnings Snapshot
FORT MILL, S.C. (AP) _ Domtar Corp. (UFS) on Thursday reported second-quarter earnings of $18 million.
On a per-share basis, the Fort Mill, South Carolina-based company said it had profit of 28 cents. Earnings, adjusted for asset impairment costs and restructuring costs, came to 57 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 87 cents per share.
The paper and packaging maker posted revenue of $1.32 billion in the period.
Domtar shares have climbed 21% since the beginning of the year. The stock has fallen 12% in the last 12 months.