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Verso: Q3 Earnings Insights

Benzinga Insights
·1 min read

 

Shares of Verso (NYSE:VRS) moved higher by 0.2% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 208.24% year over year to ($0.92), which missed the estimate of ($0.10).

Revenue of $306,000,000 decreased by 50.32% from the same period last year, which beat the estimate of $300,870,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Nov 09, 2020

View more earnings on VRS

Time: 09:00 AM

ET Webcast URL: https://www.webcaster4.com/Webcast/Page/1524/38436

Recent Stock Performance

Company's 52-week high was at $19.49

52-week low: $7.36

Price action over last quarter: down 31.94%

Company Overview

Verso Corp is a North American producer of printing papers, specialty papers, and pulp. The company produces a wide range of paper products, including coated freesheet, coated groundwood, coated digital, inkjet, supercalendered, and uncoated freesheet. These paper products are used primarily in media and marketing applications, such as catalogs, magazines, advertising brochures, and annual reports. The company also sells kraft pulp, which is used to manufacture tissue products and printing and writing grade paper; however, the group derives the majority of its revenue from its paper products.

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