Boise Cascade 3Q Earnings Fall Shy of Analysts' Estimates
Boise Cascade (BCC) reported third-quarter earnings that came in 5 cents shy of Wall Street's expectations.
The company reported net income of $27.4 million, or 40 cents a diluted share, before extraordinary gains, for the quarter, compared with $49 million, or 74 cents a diluted share, in the same period a year ago. Ten analysts were expecting the company to earn 45 cents for the quarter, according to First Call/Thomson Financial.
Boise Cascade said third-quarter sales rose to $1.92 billion from $1.79 billion a year ago, which the company attributed to growth in office products and building materials distribution, as well as higher paper prices.
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