Thu, Aug 4, 2022 7:16 PM
STATS Perform dba Automated Insights
ATLANTA (AP) _ CatchMark Timber Trust Inc. (CTT) on Thursday reported a second-quarter loss of $4.5 million, after reporting a profit in the same period a year earlier.
The Atlanta-based company said it had a loss of 9 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The timberlands real estate investment trust posted revenue of $24.6 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $20.5 million.