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Potlatch beats 1Q profit forecasts

SPOKANE, Wash. (AP) _ Potlatch Corp. (PCH) on Wednesday reported first-quarter profit of $16.9 million.

The Spokane, Washington-based company said it had net income of 41 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.

The timberland owner and wood products company posted revenue of $149.7 million in the period.

Potlatch shares have risen 12 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $46.50, an increase of 32 percent 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 PCH at https://www.zacks.com/ap/PCH

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Keywords: Potlatch, Earnings Report