Plum Creek Timber Co. Bottom Line Drops 50% In Q4

(RTTNews) - Plum Creek Timber Co. (PCL) announced a profit for fourth quarter that fell compared to the same period last year.

The company said its bottom line totaled $34 million, or $0.19 per share. This was lower than $68 million, or $0.39 per share, in last year's fourth quarter.

The company said revenue for the quarter fell 24.5% to $323 million. This was down from $428 million last year.

Plum Creek Timber Co. earnings at a glance:

-Earnings (Q4): $34 Mln. vs. $68 Mln. last year. -Earnings Decline (Y-o-Y): -50.0% -EPS (Q4): $0.19 vs. $0.39 last year. -EPS Decline (Y-o-Y): -51.3% -Revenue (Q4): $323 Mln vs. $428 Mln last year. -Revenue Change (Y-o-Y): -24.5%