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Potlatch beats 3Q profit forecasts

SPOKANE, Wash. (AP) _ Potlatch Corp. (PCH) on Monday reported third-quarter net income of $33.7 million.

The Spokane, Washington-based company said it had profit of 82 cents per share. Earnings, adjusted for non-recurring costs, were 94 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.

The timberland owner and wood products company posted revenue of $190.4 million in the period.

Potlatch shares have increased 27 percent since the beginning of the year. The stock has risen 36 percent 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 PCH at https://www.zacks.com/ap/PCH