Resolute Forest Products (RFP) Misses Q1 EPS by 3c

Resolute Forest Products (NYSE: RFP) reported Q1 EPS of $2.26, ex-items, $0.03 worse than the analyst estimate of $2.29. Revenue for the quarter came in at $945 billion versus the consensus estimate of $1.24 billion.

GUIDANCE:

"The underlying fundamentals for building materials remain positive, but we are mindful of inflationary pressure and rising interest rates, which could affect pricing and margins. With our network of high-quality pulp and paper assets and structural advantages, such as fiber integration and embedded power generation, we are well-positioned to grow margins in a rising price environment. We continue to work hard to adapt to challenges in the transportation network, and we expect to gradually normalize inventory levels in the second half of the year," added Mr. Lalonde.

For earnings history and earnings-related data on Resolute Forest Products (RFP) click here.

You May Also Be Interested In

• BayCom Corp (BCML) Misses Q1 EPS by 4c
• Netflix Q1 earnings top estimates on blowout subscriber growth
• Oceanfirst Financial (OCFC) Tops Q1 EPS by 3c