AbitibiBowater Inc posted a first-quarter profit, but missed marketplace estimates as results by the side of North America's chief newsprint maker were squeezed by senior energy and fiber overheads.
The company expects development in place of the have a break of the time, helped by charge increases in place of its products, on sale overheads and seasonally stronger demand, it thought in a statement.
January-March remuneration were $30 million, or 31 cents a share, up from a loss of $500 million, or $8.68 a share, a time before. Excluding items, the company earned 25 cents a share.
Revenue rose 9 percent to $1.2 billion.
Analysts on usual likely remuneration of 40 cents on revenue of $1.22 billion, according to Thomson Reuters I/B/E/S.
AbitibiBowater emerged from impoverishment protection in December following a restructuring with the aim of both on sale its debt and simplified its corporate make up.
Shares of the company congested by the side of C$25.44 on Monday on the Toronto Stock Exchange. (Reporting by Gowri Jayakumar in Bangalore; Editing by Jarshad Kakkrakandy)
The company expects development in place of the have a break of the time, helped by charge increases in place of its products, on sale overheads and seasonally stronger demand, it thought in a statement.
January-March remuneration were $30 million, or 31 cents a share, up from a loss of $500 million, or $8.68 a share, a time before. Excluding items, the company earned 25 cents a share.
Revenue rose 9 percent to $1.2 billion.
Analysts on usual likely remuneration of 40 cents on revenue of $1.22 billion, according to Thomson Reuters I/B/E/S.
AbitibiBowater emerged from impoverishment protection in December following a restructuring with the aim of both on sale its debt and simplified its corporate make up.
Shares of the company congested by the side of C$25.44 on Monday on the Toronto Stock Exchange. (Reporting by Gowri Jayakumar in Bangalore; Editing by Jarshad Kakkrakandy)