This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Boise Cascade Pushes Up Guidance

Boise Cascade (BCC - Get Report) predicted much better-than-expected earnings Wednesday, saying third-quarter sales of building materials were sharply higher than in the second quarter.

The Idaho-based wood and paper company expects to earn 40 cents to 44 cents a share in the quarter ended Sept. 30, well above the consensus analyst forecast of 29 cents a share, as compiled by Thomson First Call.

Besides reporting strength in building products, the company said it had higher sales in its office solutions equipment over the second quarter. Boise Cascade said market conditions remained "sluggish" in its paper business, with lower average prices offset by higher unit sales and lower costs.

In the fourth quarter, the company said it expects same-store sales to remain positive in its office solutions division, while results in building products are likely to "weaken seasonally." It expects market conditions to remain lackluster in the paper segment.

The shares recently crossed at $28.88 on Island, up from their Tuesday close of $27.61.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
BCC $37.41 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs