Domtar Corp (UFS) Posts Q3 EPS of 2.95, Offers Q4 Outlook

Domtar Corp (NYSE: UFS) reported Q3 EPS of $2.95, $0.47 better than the analyst estimate of $2.48. Revenue for the quarter came in at $1.42 billion versus the consensus estimate of $1.41 billion.

Domtar paper shipments are expected to decline in the fourth quarter when compared to the third quarter due to seasonal factors while the cyclical downturn in global pulp markets is expected to lead to further declines in average selling prices for market pulp. Domtar's fourth quarter results will benefit from the inclusion of Attends' financial results for a full quarter.

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