Domtar's (UFS) Earnings & Revenues Beat Estimates In Q4
Zacks Investment Research | Feb 10, 2020 11:51PM ET
Domtar Corporation (TSX:UFS) reported fourth-quarter 2019 adjusted earnings of 3 cents per share, faring better than the Zacks Consensus Estimate of a loss of 20 cents. However, the bottom-line figure tanked 98.2% from the prior-year quarter figure of $1.63 per share.
Including one-time items, Domtar reported net loss of 59 cents in the fourth quarter as against the net income of $1.38 per share recorded in the prior-year quarter.
Consolidated sales were down 10.5% year over year to $1,244 million, surpassing the Zacks Consensus Estimate of $1,200 million.
Operational Highlight
Consolidated adjusted operating income came in at $4 million in the December-end quarter compared with the year-ago quarter’s $148 million. The operating income during the quarter declined due to lower average selling prices and unfavorable productivity in pulp and paper, higher selling, general and administrative expenses, and higher maintenance, freight and raw material costs.
Domtar Corporation Price, Consensus and EPS Surprise
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