Georgia-Pacific Reports 3Q Earnings in Line With Estimates - TheStreet

Georgia-Pacific

(GP)

reported third-quarter earnings that matched Wall Street's expectations.

The wood and paper products company reported earnings, excluding charges, of $145 million, or 85 cents a diluted share, meeting the 10-analyst estimate, according to

First Call/Thomson Financial

. In the year-ago period, the company earned $230 million, or $1.31 a share.

Sales for the quarter dropped to $5.31 billion from $5.48 billion for the same period a year ago. The company said the third-quarter results reflect weakness in the building products markets, but added that the paper segments, particularly containerboard, pulp and bleached board and tissue businesses, generated results that lifted overall quarterly performance.