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Potlatch: Q4 Earnings Snapshot

SPOKANE, Wash. (AP) — SPOKANE, Wash. (AP) — Potlatch Corp. (PCH) on Monday reported fourth-quarter profit of $5.2 million.

On a per-share basis, the Spokane, Washington-based company said it had net income of 7 cents.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The timberland owner and wood products company posted revenue of $258.1 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $241.2 million.

For the year, the company reported profit of $21.9 million, or 28 cents per share. Revenue was reported as $1.06 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PCH at https://www.zacks.com/ap/PCH

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