Domtar Corporation (NYSE:UFS) is reporting second quarter financial results on Friday 7th August 2020, before market open.
According to analysts surveyed by Thomson Reuters, UFS is expected to report 2Q20 loss of $ 0.48 per share from revenue of $ 1040.74 million.
For the full year, analysts anticipate top line of $ 4566.34 million, while looking forward to loss of $ 0.84 per share bottom line.
Previous Quarter Performance
Domtar Corporation came out with income for the first quarter of $ 0.09 per share, from the revenue of $ 1,278.00 million. The quarterly earnings lowered 93.75 percent while revenues shrunk 11.44 percent compared with the same quarter last year.
Wall street analysts are predicting, UFS to report 1Q20 loss of $ 0.21 per share from revenue of $ 1251.49 million. The bottom line results beat street analysts by $ 0.3 or 142.86 percent, at the same time, top line results outshined analysts by $ 26.51 million or 2.12 percent.
Historical Earnings Performance
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Stock Performance
The company has a market capital of $ 1.22 billion and is part of the Basic Materials sector and Paper & Paper Products industry.
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Conference Call
Domtar Corporation will be hosting a conference call at 10:00 AM eastern time on 7th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.domtar.com
Domtar Corporation designs, manufactures, markets, and distributes various communication papers, specialty and packaging papers, and absorbent hygiene products in the United States, Canada, Europe, Asia, and internationally. It operates in two segments, Pulp and Paper, and Personal Care. The company offers business papers, including copy and electronic imaging papers for use with inkjet and laser printers, photocopiers, and plain-paper fax machines, as well as computer papers, preprinted forms, and digital papers for office and home use.
