Verso Paper (VRS) Tops Q2 Revenues; Offers 3Q Revenue Outlook Below Consensus
Verso Paper (NYSE: VRS) reported Q2 EPS of $. Revenue for the quarter came in at $585 million versus the consensus estimate of $579.52 million.
Guidance
The Company is providing the following guidance:
- 2017 Third Quarter
- Sales of $625-640 million
- Price increases announced effective July and August
- Capital expenditures of $16-20 million
- Inventory flat to down slightly
- 2017 Full Year
- Capital expenditures of $55-60 million, down from $73 million in 2016, down from Q1 estimate of $55-65 million
- SG&A of $100-110 million, down from Q1 estimate of $110-115 million
GUIDANCE:
Verso Paper sees Q3 2017 revenue of $625-640 million, versus the consensus of $663.84 million.
For earnings history and earnings-related data on Verso Paper (VRS) click here.