P H Glatfelter Co (GLT) Releases Earnings Results, Misses Expectations By $-0.04 EPS

P H Glatfelter Co (GLT) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $0.37 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $0.41. The company posted revenue of $402.20 million in the period, compared to analysts expectations of $411.01 million. The company’s revenue was down -3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.

P H Glatfelter Co opened for trading at $23.14 and hit $23.65 on the upside on Monday, eventually ending the session at $23.41, with a gain of 2.09% or 0.48 points. The heightened volatility saw the trading volume jump to 2,35,319 shares. Company has a market cap of $1,017 M.

In a different news, on Sep 4, 2015, Nicholas Debenedictis (director) purchased 2,500 shares at $17.25 per share price.

P. H. Glatfelter Company (Glatfelter) is a manufacturer of specialty papers and fiber-based engineered materials. The company operates through three business units: Composite Fibers Advanced Airlaid Materials and Specialty Papers. Its Composite Fibers business unit consists of single-serve coffee and tea filtration papers metallized and self-adhesive labeling papers composite laminates and technical specialties including substrates for electrical applications such as batteries and capacitors. Its Advanced Airlaid Materials consists of airlaid non-woven fabric-like materials used in feminine hygiene and adult incontinence products baby wipes cleaning pads and wipes food pads napkins and tablecloths. Its Specialty Papers consists of papers for carbonless and other forms book publishing envelopes and engineered products such as papers for digital imaging packaging casting release transfer playing card postal and food and beverage applications.

P H Glatfelter Co

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