Plum Creek Timber's (PCL) Q2 earnings tumbled 18% as the REIT saw higher costs outpace improved revenue. PCL reported EPS was $0.22 vs. $0.27 consensus estimates; revenues rose 3.5% Y/Y to $294M vs. $273M consensus. Expects Q3 EPS $0.32-$0.37; maintains full-year EPS guidance of $1.00-$1.25. Expects full-year harvest of ~17.5M tons.
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