BOISE, Idaho (AP) — BOISE, Idaho (AP) — Boise Cascade L.L.C. (BCC) on Monday reported first-quarter profit of $40.3 million.
The Boise, Idaho-based company said it had net income of $1.06 per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.36 per share.
The engineered wood products and plywood company posted revenue of $1.54 billion in the period.
Boise Cascade shares have declined 22% since the beginning of the year. In the final minutes of trading on Monday, shares hit $92.47, a decline of 32% in the last 12 months.
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