Plum Creek Timber (PCL) Stock Falls in After-Hours Trading Despite Positive Quarter

NEW YORK (TheStreet) -- Plum Creek Timber (PCL) was falling -1.1% to $43.41 after-hours Monday despite beating analysts' estimates for earnings and revenue in the second quarter.

For the second quarter Plum Creek reported earnings of 31 cents a share, beating the Capital IQ Consensus Estimate of 30 cents a share by 1 cent. Revenue grew 17.5% from the year-ago quarter to $356 million, compared to analysts' estimates of $355.1 million.

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TheStreet Ratings team rates PLUM CREEK TIMBER CO INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate PLUM CREEK TIMBER CO INC (PCL) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

PCL ChartPCL data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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