Domtar: 2Q Earnings Snapshot
FORT MILL, S.C. (AP) _ Domtar Corp. (UFS) on Wednesday reported second-quarter net income of $43 million.
On a per-share basis, the Fort Mill, South Carolina-based company said it had net income of 68 cents. Earnings, adjusted for non-recurring gains, were 65 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.
The paper and packaging maker posted revenue of $1.35 billion in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $1.32 billion.
Domtar shares have declined almost 3 percent since the beginning of the year. The stock has climbed 23 percent in the last 12 months.