AbitibiBowater (ABH) Misses Q4 EPS by 4c, CEO Comments

AbitibiBowater (NYSE: ABH) reported Q4 EPS of $0.46, $0.04 worse than the analyst estimate of $0.50. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.21 billion.

"We expect to see stable newsprint pricing in the Americas, but continued pressure in other U.S. dollar-based export newsprint markets as long as the combination of low ONP prices and a strong U.S. dollar continues," said Richard Garneau, president and chief executive officer.. "Pricing in the market pulp segment appears to be stabilizing, but the timing of any improvement from current lows is uncertain. Demand for specialty grades may be weaker as a result of the weak economic recovery. Our network of lower-cost assets and a strong balance sheet give us a strategic edge as the global economy heads into an uncertain 2012."

For earnings history and earnings-related data on AbitibiBowater (ABH) click here.

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