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CatchMark: 4Q Earnings Snapshot

February 14, 2019

ATLANTA (AP) _ CatchMark Timber Trust Inc. (CTT) on Thursday reported a loss of $38.2 million in its fourth quarter.

The Atlanta-based company said it had a loss of 78 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 71 cents per share.

The timberlands real estate investment trust posted revenue of $22.9 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $24.8 million.

For the year, the company reported that its loss widened to $122 million, or $2.55 per share. Revenue was reported as $97.9 million.

CatchMark shares have increased 32 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.35, a fall of 25 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CTT at https://www.zacks.com/ap/CTT

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