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Clearwater Paper reports Q3 loss but announces $100M stock buyback, shares rise.
Clearwater Paper Corporation reported a Q3 loss of $1.17 per share, missing analysts' estimates by $0.84.
Despite the loss, the company's shares rose to $29.00 during trading.
Clearwater Paper, which makes paperboards and tissues, has initiated a $100 million stock buyback, suggesting the board sees value in the undervalued shares.
The company's net margin is 0.74% and return on equity is 4.35%.
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Clearwater Paper reporta pérdida de Q3, pero anuncia recompra de acciones de $100 millones, aumento de acciones.