AP NEWS

CatchMark: 2Q Earnings Snapshot

August 1, 2019

ATLANTA (AP) _ CatchMark Timber Trust Inc. (CTT) on Thursday reported a loss of $30.6 million in its second quarter.

On a per-share basis, the Atlanta-based company said it had a loss of 62 cents.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 58 cents per share.

The timberlands real estate investment trust posted revenue of $28.7 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $32.3 million.

CatchMark shares have increased 44% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $10.20, a fall of 18% in the last 12 months.

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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