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%.
2 months ago
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