Domtar: 1Q Earnings Snapshot

Associated Press
Updated 1 min read
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FORT MILL, S.C. (AP) _ Domtar Corp. (UFS) on Friday reported first-quarter earnings of $5 million.

On a per-share basis, the Fort Mill, South Carolina-based company said it had profit of 9 cents.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 26 cents per share.

The paper and packaging maker posted revenue of $1.28 billion in the period.

Domtar shares have dropped 42% since the beginning of the year. The stock has decreased 53% in the last 12 months.

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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 UFS at https://www.zacks.com/ap/UFS

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