Verso Paper (VRS) Reports Q2 Revenues Miss; Offers 3Q Revenue Outlook Above Consensus

Verso Paper (NYSE: VRS) reported Q2 EPS of $, versus $0.02 reported last year. Revenue for the quarter came in at $585 million versus the consensus estimate of $632.41 million.

"Verso had a strong second quarter with solid year-over-year improvement across the enterprise as our many initiatives to strengthen the business continued to deliver quantifiable results," said Verso Chief Executive Officer B. Christopher DiSantis. "With what we believe is an industry-leading SG&A structure, our strong cash flow, fast-growing specialty papers business and low-cost conversion strategies, including the on-schedule restart of the No. 3 paper machine at the Androscoggin Mill, position Verso to capitalize on improving market dynamics and to create long-term value for our stockholders."

GUIDANCE:

Verso Paper sees Q3 2018 revenue of $700-780 million, versus the consensus of $690.56 million.

For earnings history and earnings-related data on Verso Paper (VRS) click here.

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