CatchMark: 1Q Earnings Snapshot

CatchMark: 1Q Earnings Snapshot

Associated Press
0

ATLANTA (AP) _ CatchMark Timber Trust Inc. (CTT) on Thursday reported a loss of $30.4 million in its first quarter.

The Atlanta-based company said it had a loss of 62 cents per share.

The timberlands real estate investment trust posted revenue of $22.6 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $27.3 million.

CatchMark shares have risen 41% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $10.04, a decline of 23% in the last 12 months.

_____

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

Advertisement

Recommended Stories