DA Davidson Downgrades Potlatch (PCH) to Neutral
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Potlatch Corporation Reports Second Quarter 2016 Results
July 26, 2016 6:45 AM EDTSPOKANE, Wash., July 26, 2016 (GLOBE NEWSWIRE) -- Potlatch Corporation (Nasdaq: PCH) today reported a net loss of $31.3 million, or $0.77 per diluted share, on revenues of $141.5 million for the quarter ended June 30, 2016.  Excluding the after-tax loss of $36.7 million on the previously announced sale of 172,000 acres in central Idaho, net income was $5.4 million, or $0.13 per diluted share, in the second quarter. Net income was $0.7 million, or $0.02 per diluted share, on revenues of $128.7 million in the second quarter of 2015.
"Our solid second quarter results were driven by favorable hauling conditions in... More
