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Plum Creek Timber's (PCL -4.9%) Q1 earnings fell 24% as the REIT was hurt by weaker earnings at...

Plum Creek Timber's (PCL -4.9%) Q1 earnings fell 24% as the REIT was hurt by weaker earnings at its real estate business where segment sales rose but missed expectations. For the quarter, EPS was $0.18 vs. $0.24 consensus; revenues rose 22.5% Y/Y to $337M vs. $332M consensus. Q2 EPS guidance was lowered to $0.15-$0.20 vs. $0.27 consensus.
Comments (2)
  • Been nibbling at the Plum for a while. Good opportunity for anoth bite.
    1 May 2012, 03:56 PM Reply Like
  • This was more of a miss due to timing. On listening to the conference call, I thought management was more optimistic than they've been for a while. Things are turning around.
    1 May 2012, 05:30 PM Reply Like
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