Glatfelter (GLT) Misses Q2 EPS by 1c
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Glatfelter Reports Second Quarter 2015 Earnings
August 4, 2015 7:59 AM EDTYORK, Pa.--(BUSINESS WIRE)-- Glatfelter (NYSE: GLT) today reported second-quarter 2015 net income of $2.8 million, or $0.06 per diluted share, and adjusted earnings of $1.8 million, or $0.04 per diluted share. For the second quarter of 2014, net income was $4.7 million, or $0.11 per diluted share, and adjusted earnings were $3.8 million or $0.09 per diluted share. In the year-over-year comparison of adjusted earnings, the expanded scope of the planned maintenance outages in Specialty Papers and currency translation unfavorably affected earnings by $0.08 per share and $0.03 per share, respectively, and a favorable tax rate increased earnings by $0.04 per share.
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