NYSE:CLWForestry
Clearwater Paper (CLW) Stock Jumps As Losses Deepen And Margin Gap Lingers
Clearwater Paper stock rose 23.3% to about US$21.59 in regular trading, even though the headline numbers were difficult to cheer. The company reported a quarterly loss from continuing operations of US$21.5 million, with basic earnings per share of negative US$1.33 on US$374.8 million of revenue.
The short-term story centers on that sharp price move and a loss-making quarter. The longer-term story is the sharpened focus on margins, cash generation and valuation in a paper and packaging...