| Plum Creek Timber tops 3Q profit forecasts | |
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SEATTLE (AP) _ Plum Creek Timber Co. (PCL) on Monday reported third-quarter net income of $100 million.
On a per-share basis, the Seattle-based company said it had profit of 58 cents.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.
The timberland owner posted revenue of $414 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $434 million.
Plum Creek Timber expects full-year earnings to be $1.06 to $1.11 per share.
Plum Creek Timber shares have dropped nearly 5 percent since the beginning of the year, while the Standard & Poor's 500 index has risen almost 1 percent. In the final minutes of trading on Monday, shares hit $40.79, a fall of 1 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PCL at http://www.zacks.com/ap/PCL
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Keywords: Plum Creek Timber, Earnings Report
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PLUM CREEK TIM REIT est une société d’exploration minière . PLUM CREEK TIM REIT est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 3 065,9 milliards US$ (2 653,6 milliards €). La valeur de son action a atteint son plus bas niveau récent le 25 octobre 2018 à 1 049,25 US$, et son plus haut niveau récent le 06 octobre 2021 à 1 494,97 US$. PLUM CREEK TIM REIT possède 2 050 830 080 actions en circulation. |