First Quarter Results For Domtar

Some mixed results for Domtar in the first quarter of the year.
Domtar says its adjusted earnings were $33-million or 95-cents per share.
That was down from $61-million or $1.65 a share a year earlier and 47 cents short of a consensus estimate of $1.42 per share.
Net income for the quarter was $45-million or $1.29 per share, about 60% above the year-earlier profit of $28 million or 76 cents per share.
Sales for the three months ending March 31st were $1.3-billion, which was slightly above expectations.