08:23 AMDomtar (UFS): Q1 EPS of -$0.07 misses by $0.03. Revenue of $1.39B (+1.3%) vs. $1.39B. "The rapid decline of paper volumes in recent months has been abating." (PR)
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08:02 AMDomtar (UFS): Q3 EPS of $0.10 in-line. Revenue of $1.63B (-2.1%) in-line. "The depth and duration of the economic slowdown and the impact this may have on office employment and demand for our products are uncertain," company says. (PR)
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09:15 AM
Deutsche Bank downgrades paper-makers International Paper (IP) and Domtar (UFS) to Hold from Buy. Pulp prices, usually a forward indicator for paper, are down on weak demand. Peers: WY, WPP, ABH.
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