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May 1 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.
2 Comments[Earnings, On the Move]
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at MarketWatch.com (May 1, 2012)
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at MarketWatch.com (Apr 30, 2012)
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at MarketWatch.com (Apr 28, 2012)
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at CNBC.com (Apr 5, 2012)
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at CNBC.com (Feb 14, 2012)
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Company Description
BUSINESS: Industry Overview
GENERAL
The timber industry possesses several unique characteristics that distinguish it from the broader paper and forest products industry. The timber industry, which consists primarily of timberland owners, provides raw material and conducts resource... More
