Resolute Forest Products Inc (RFP) Releases Earnings Results, Misses Expectations By $-0.05 EPS

Resolute Forest Products Inc (RFP) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.07 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $0.12. During the same quarter in the previous year, the company posted $0.07 EPS.

Resolute Forest Products Inc closed down -0.07 points or -1.26% at $5.47 with 77,316 shares getting traded on Tusday. Post opening the session at $5.52, the shares hit an intraday low of $5.43 and an intraday high of $5.64 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 17, 2016, Michael S Rousseau (director) purchased 20,000 shares at $5.18 per share price. According to the SEC, on Feb 13, 2015, Silvana Travaglini (Vice president & CAO) sold 2,479 shares at $18.73 per share price. On Feb 13, 2015, Pierre Laberge (Senior Vice President) sold 800 shares at $18.39 per share price, according to the Form-4 filing with the securities and exchange commission.

Resolute Forest Products Inc. is a holding company. The Company is a forest products company which offers products including newsprint specialty papers market pulp and wood products. It owns or operates approximately 40 pulp and paper mills and wood products facilities in the United States Canada and South Korea and power generation assets in Canada. The Company operates through four segments: newsprint specialty papers market pulp and wood products. It also sells green power produced from renewable sources wood chips and other wood related products to customers located in Canada and the United States. The newsprint segment produces newsprint at 10 facilities in North America and one facility in South Korea. The specialty papers segment produces specialty papers at five facilities in North America. The market pulp segment produces market pulp at seven facilities in North America. The wood products segment operates 15 sawmills in Canada.

Resolute Forest Products Inc

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