WASHINGTON (dpa-AFX) - Clearwater Paper Corporation (CLW), Wednesday reported higher profit for the fourth quarter, despite a decline in revenue on lower expenses and operating costs.
The company reported fourth-quarter net earnings of $19.9 million, or $0.84 per share, up from $11.5 million, or $0.48 per share in the comparable quarter last year.
Meanwhile, net sales for the quarter dropped to $462.70 million from $466.39 million reported in the same period last year.
On average, analysts polled by Thomson Reuters expected the company to earn $0.75 per share on revenues of $458.71 million. Analysts' estimates typically exclude special items.
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