Resolute Reports Preliminary Third Quarter 2019 Results
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Resolute Forest Products (RFP) Misses Q3 EPS by 43c, Revenues Miss
October 31, 2019 7:12 AM EDTResolute Forest Products (NYSE: RFP) reported Q3 EPS of ($0.47), $0.43 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $705 million versus the consensus estimate of $796 million.
Q3 GAAP net loss of $43 million / $0.47 per shareAdjusted EBITDA of $23 millionLiquidity remains strong at $566 millionPost-quarter senior secured credit facility refinancing to further boost liquidity by $175 million"Ongoing weakness in market pulp pricing had a significant impact on our quarterly results," said Yves Laflamme, president and chief executive... More
